Bob Brinker: Market Savant & Radio Host 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.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kirk © who wrote (9051)	3/9/1999 9:33:00 PM
From: Jeffrey D	Read Replies (1) of 42834

Another of the Fed guys with an optimistic outlook. Jeff << U.S. Economy Tue, 09 Mar 1999, 9:28pm EST Fed's McTeer Sees Less of a Need for Preemptive Rate Increase Washington, March 9 (Bloomberg) -- There's less reason today to raise U.S. interest rates preemptively as an inflation- fighting measure than there was in 1994 when commodity prices were rising, Federal Reserve Bank of Dallas President Robert McTeer said, according to Market News. ''I expect the good times to last through 1999 (and) I expect that we will have the fourth year of 3 to 4 percent real growth, very low unemployment and fairly low inflation,'' McTeer is quoted by Market News as saying at a Fed conference, suggesting the Fed won't have to raise the overnight bank loan rate. McTeer, a voting member of the Fed's policy setting Federal Open Market Committee, also praised Fed Chairman Alan Greenspan in an introduction to his speech by noting that Greenspan resisted calls for a preemptive Fed interest-rate increase. The economy is expected to grow 2.5 percent to 3 percent this year and the consumer price index should rise 2 percent to 2.5 percent, according to the Fed's official economic projections. (Market News 3/9) ©1999 Bloomberg, LP. All rights reserved. Terms of Service and Trademarks >>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next