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

To: chartseer who wrote (15771)	6/17/1999 8:15:00 PM
From: LastShadow	Read Replies (3) \| Respond to of 43080

no, he said, "market strains receded--whether as a consequence of our actions or other forces..." And he didn't say there would NOT be a rate increase. See the paragraph starting "The return of financial market..." about 19 paragraphs down. The more I read that talk over, the more I am leaning toward a possible rate increase at the meeting. There is an underlying thread to what he is saying in terms of "persistences of certain imbalances pose a risk to longr-run outlook" that seems to leavethe door open. I think he was being about as oblique as possible - leaving neither a hint one way or the other - approproiate I think. After watchig theinitial market climb and subsequent fall off, my guess isthat everyone else is thinking they don't know which way it will go either. Up until I reread that just now, I ws thinking, "well, no increase this month...but why didn't the market keep climbing if thats true?"