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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (15646)	6/16/1999 10:20:00 AM
From: LastShadow	Read Replies (2) \| Respond to of 43080

The next meeting of the Federal Open Market Committee is June 29 and 30. At the last meeting in May, the committee adopted a "bias" for tightening due to concerns that the economy was growing too quickly and because the reasons for rate decreases last fall have eased. Two key reports are due today, the Consumer Price Index for May and the Beige Book, which is a collection of reports from the twelve Federal Reserve Banks around the country. The markets have been reacting to a potential rate increase, and the news reflects a variety of viewpoints on what the Fed will do. Merrill Lynch Survey The monthly survey of mutual fund managers was released 6/15, and most believe the Fed will increase rates .25 to .5%, but that there will be no further increases this year, from CNNfn.