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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Augustus Gloop who wrote (7686)5/17/1999 11:25:00 AM
From: xbrent  Read Replies (1) of 30916
 
IMO fed will not move and I doubt if they will express a bias at this meeting. If the US economy slows the asian economies will tank again, as we buy their stuff. That could trigger a world wide recession, the big guys don't want any part of that. IMO the fed will hold fire on raising interest rates as long as possible for the above reason. The asian economies are just too fragile at the moment. Mr. Greenspan will cutrail inflation without a doubt, but will wait for a few more numbers to come in verifying that inflation is in deed a serious threat.
As far as US stocks are concerned, the markets should have a relief rebound after the fed does not act.
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