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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (5201)5/18/1999 2:51:00 PM
From: Investor2  Read Replies (2) of 15132
 
No surprise here.

"NEW YORK (CNNfn) - The Federal Reserve opted today to leave interest rates alone but said it would consider raising them in the future, citing inflationary pressures.
As expected, the Federal Open Market Committee left the federal funds rate at 4.75 percent. But it announced it was shifting its bias to tightening rates, from neutral. That means Chairman Alan Greenspan and company are considering raising interest rates in the future to keep inflation in check."

cnnfn.com

Best wishes,

I2
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