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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: ComradeBrehznev who wrote (44862)	6/16/1999 8:19:00 PM
From: kendall harmon	Respond to of 120523

Inflation, two takes: ROBERT BLAKE, SENIOR ECONOMIST, NATWEST GLOBAL FINANCIAL MARKETS: ''We think the Fed is still on track to raise rates 25 basis points at the June meeting based on strength of demand and concerns over future inflation, not current inflation. We think there is volatility in the data. Last month's figure was clearly an aberration and this month's figure is also somewhat of an aberration. The inflation rate is not zero.'' and ANTHONY CHAN, CHIEF ECONOMIST, BANC ONE INVESTMENT ADVISORS: "This will certainly heat up the debate at central bank. It absolutely makes tomorrow's Greenspan announcement as widely anticipated as the new Star Wars movie. When you look at some of the components, certainly the things people were watching did not come through. Air fares were being watched and were perhaps a bit softer than anticipated, the tobacco number cooperating. Housing, which was perhaps most widely watched, (was expected to) cause this number to be a lot stronger. Food prices were a little bit troublesome, but that should not be a surprise, given the inclement weather we've had. Energy basically repeated the performance of the PPI..