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To: Crimson Ghost who wrote (46276)	6/11/1999 10:31:00 AM
From: John Doyle	Read Replies (1) \| Respond to of 95453

The Fed's WILL NOT RAISE 50 bp's. Greenspan has a history of making small "measured" moves. I would think the Fed governors will not be so bold, especially as the second half of the year is quite questionable regarding economic growth and Y2K. I think it is what they say after the meeting on June 27th that will be important. Will they still have a biased to tighten or will they go neutral. The bond market will key off that news in my opinion.