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To: bill meehan who wrote (65887)	10/1/1999 9:47:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

gold and the bond may force him to on tues depending on the Tankan Sunday night and what it does to the yen, Bill. there or intrameeting..... a rate hike IS coming. he'll have to... the mkt will make him do it. That, or the dollar will be permanently "broken"

To: bill meehan who wrote (65887)	10/2/1999 10:08:00 AM
From: NickSE	Read Replies (2) \| Respond to of 86076

You're right. Not enough hints dropped by the FED to allow the markets to adjust to a hike. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Ex-Fed Governor Angell on Fed and Growth: U.S. Economy Comment quote.bloomberg.com St. Louis, Oct. 1 (Bloomberg) -- Comments from Wayne Angell, chief economist at Bear Stearns & Co. and a former Federal Reserve governor on Tuesday's meeting of the Fed's policy-setting Open Market Committee and economic prospects for the U.S. Angell was speaking to the Civic Entrepreneurs Organization, a St. Louis-based business group: The FOMC will hold the overnight bank lending rate unchanged at 5.25 percent next week and keep a neutral stance on interest rates for the near future, Angell said. ''I just can't imagine the FOMC telling us'' at the Aug. 24 meeting that they have significantly reduced the rate of inflation ''and confusing us with a tilt in the directive'' next week, he said. Angell was alone among economists at the bond-trading firms that deal directly with the Fed in forecasting no rate increase in August. Most agree with him this time. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Nick