Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

Dec 2 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IngotWeTrust who wrote (22993)	11/16/1998 9:42:00 PM
From: Lalit Jain	Read Replies (1) of 116791

ole 49r, Fed will protect US from recession --PNC economist NEW YORK, Nov 16 (Reuters) - Federal Reserve Chairman Alan Greenspan will make sure the U.S. central bank does what it takes to protect the American economy against any risk of recession in 1999, PNC Bank Corp. chief economist Stuart Hoffman said on Monday. ''One primary reason we do not expect a U.S. recession in 1999 is our conviction the Fed can and will do whatever is necessary to cushion our economy's slowdown,'' Hoffman said. Fed policy makers on the Federal Open Market Committee (FOMC) meet on Tuesday. The market consensus calls for a 25-basis-point cut in the 5.0-percent federal funds rate which would be the third such move in less than two months. ''Greenspan demonstrated his concern by orchestrating an unusually aggressive easing move by cutting both the funds and discount rates between FOMC meetings,'' Hoffman added, referring to the October 15 easing, the first inter-meeting move in 4-1/2 years. The PNC chief Fed watcher expected the Fed to keep on easing and bring the funds rate to 4.25 percent by mid-1999 without any risk to inflation. He also forecast the U.S. economy will grow by just 1.5 to 2.0 percent next year. biz.yahoo.com How are you! ;-) Regards, Lalit Jain

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next