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Gold/Mining/Energy : Gold Price Monitor

GDXJ 143.68

-4.5%

Jan 29 4:00 PM EST

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To: long-gone who wrote (34073)	5/18/1999 7:38:00 AM
From: John Hunt	Read Replies (1) of 116938

Fed Eyes Rate Raise On Inflation Worries << Greenspan's inflation hawks of the policy-setting Federal Open Market Committee have already indicated that inflation data would be the key indicator to change their neutral position. The move could spark a sharp movement in the stock market, as it will be the first time in the Fed's 86-year history that it makes its intentions known on the same day of the meeting. In the past, changes in the Fed's biases were released with the minutes some six weeks after the meeting. But now the Fed says it will announce bias changes immediately after the meeting, in its efforts to be a kinder, gentler Fed and make its actions more transparent. "That makes it a much stronger signal and not just a lagging indicator. The market may react as if it were a tightening," Rhame said. >> nypostonline.com Seatbelts recommended.

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