THE COFFEE SHOP--A place to discuss Minute Subjects 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.

Pastimes : THE COFFEE SHOP--A place to discuss Minute Subjects

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William H Huebl who wrote (22001)	5/18/1999 3:48:00 PM
From: Mephisto	Read Replies (1) of 24894

I see the Fed shook the market a bit! ************************************** "The Fed announced its tightening bias after a meeting of its policy-setting arm, the Federal Open Market Committee (FOMC). It was the first time the central bank had made public its interest-rate outlook immediately after a policy session. While Wall Street had expected the Fed to adopt the bias, analysts said the news put some pressure on stocks, which have become increasingly jittery about an increase in rates. ''The initial drop may have been a knee-jerk reaction, but most people expected this,'' said Mara Glassel, vice president of Prudential Securities Equity Focus Group. The Fed in the past has gone to a tightening bias and never wound up raising rates so this could be a non-event."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next