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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (28383)	8/24/1999 2:21:00 PM
From: Jeff Jordan	Respond to of 50167

MW 11:17 S&P 500 UP 1 POINT AFTER FED ANNOUNCEMENT. MW 11:17 NASDAQ DOWN 7 POINTS AFTER FED ANNOUNCEMENT. MW 11:17 SEPTEMBER T-BOND UP 17/32 TO 115-20. MW 11:17 5-YEAR TREASURY NOTE UP 1/8 TO YIELD 5.74%. MW 11:17 10-YEAR TREASURY NOTE GAINS 7/32 TO YIELD 5.85%. MW 11:16 DOW INDUSTRIALS DOWN 57 POINTS AFTER FED ANNOUNCEMENT. MW 11:15 RATE HIKE SHOULD 'DIMINISH RISK OF INFLATION'. MW 11:15 FOMC CITES TIGHT LABOR MARKET, PERSISTENT DOMESTIC DEMAND, FIRM FOREIGN ECONOMY. MW 11:14 FOMC RAISES DISCOUNT RATE 25 POINTS TO 4.75%. MW 11:14 FOMC RAISES FED FUNDS RATE 25 POINTS; NEUTRAL BIAS.