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To: If only I'd held who wrote (86992)7/29/1999 11:27:00 AM
From: Tri Bui  Read Replies (2) | Respond to of 119973
 
Lyle Gramler, the former Fed Reserve Governor said on CNBC that the market is overreacted on this morning numbers. He also said, he doesn't think the Fed will raise another 1/4 pt. in the next meeting on Aug. 24 based on those data.

But he thinks there will be another 1/4 pt raise, probably by Oct., another Fed. meeting before Y2k.

So, just relax people....