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Technology Stocks : Booking Holdings (formerly Priceline)
BKNG 5,336-0.1%Dec 18 3:59 PM EST
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To: Danny who wrote (1561)6/2/1999 4:52:00 PM
From: B. A. Marlow  Read Replies (1) of 2743
 
Agree with 1/2 of your presentation, Danny.

At least a quarter point rate hike is already priced in, but the FOMC has no reason to raise rates. Among other complications, if it raised rates, the dollar would become way too strong. Unless new economic data show clear inflation (as opposed to a firm economy without inflation, as evidenced by current data), the Fed will stand pat in June.

BAM
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