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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Glenn who wrote (161)11/15/1998 1:43:00 PM
From: Rick Faurot  Read Replies (1) of 90042
 
From CBSMarketWatch 11-15
"So what will the Fed do? It's a close call.
Friday's dose of hearty economic numbers
stole some people from the easing camp,
but not many. Players on the Street still
believe credit-crunch concerns are utmost
in the Fed's mind.

David Jones, chief economist at Aubrey
G. Lanston & Co., said there is just less
emphasis on economic numbers these days. The
key elements in the Fed's decision-making process,
he said, are global financial conditions and psychology.
He said he believes the Fed will ease another notch to a
4.75 percent fed funds rate to ensure that stabilization
of credit markets has indeed taken place."
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