To: Jill who wrote (132619 ) 6/14/1999 9:11:00 AM From: Lee Read Replies (2) | Respond to
Jill N.,Re:.***Off Topic***And one wonders how much if any is genuine concern about keeping economy stable, and how much is just ego. "I speak, the markets move." stls.frb.org stls.frb.org ANALYSIS: FED'S AIM ECONOMIC STABILITY, NOT FEDERAL FUNDS RATE economeister.com In short, the likelihood is that inflation will be accelerating US TREASURIES LOWER ON STRONG STORE-SALES; TRADE LIGHT economeister.com U.S. Treasuries sold off Tuesday, pressured by strong store sales reports and a sharp jump in consumer confidence, though dealers stressed that swings during the session were exaggerated by illiquid holiday conditions. FEDERAL RESERVE MARCH POLICY MEETING MINUTES: SOME TIGHTENING economeister.com FOMC members commented on the strength of consumer and business spending, bolstered by soaring share prices and income gains, but were uncertain about the potential of the Asian financial crisis and inventory adjustments to slow the pace of economic activity. All but Jordan saw no urgency to raise rates at that meeting, believing that growth could continue above trend with no acceleration of inflation for "an extended period." Experts say Fed will raise rates to slow economy and curb inflation cnnfn.com NEW YORK (CNNfn) -- Rising oil prices and signs of a strong U.S. economy could combine to convince the U.S. Federal Reserve to raise interest rates in a preemptive strike on inflation later this month, senior economists said Tuesday. Fears of higher rates have sparked several stock market tumbles this summer and stomped out much of the Bull market's life, as Wall Street pundits and investors debated whether the central bank should raise rates. Some argued the economy is inflation-free, while others maintained that strong demand for goods and services needed to be curbed before inflation set in. So far, no rate change has occurred. bigcharts.com
