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To: goldsnow who wrote (41886)	10/3/1999 2:07:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 116759

godsnow: Let us not forget the technical definition of a recession: " Three consecutive declines of the Index of Leading Economic Indicators ", quote.bloomberg.com. Meanwhile, the index of leading economic indicators, a gauge of growth over the next half year, probably declined in August for the first drop in four months as stock prices retreated, analysts said. The LEI probably declined 0.1 percent for the month after rising 0.3 percent in July, analysts said. The Conference Board is scheduled to release the report Tuesday. TA Message #41886 from goldsnow at Oct 3 1999 12:17PM No Action Seen ``The FOMC is on hold,' said Chris Low, an economist at First Tennessee Capital Markets in New York. ``They cannot put themselves in a position where they might be held responsible for a stock market collapse.' Yet, policy-makers could warn investors against discounting a rate increase later this year. ``With manufacturing red hot and no sign of consumption slowing down, a bias toward tightening seems inevitable,' Low said. quote.bloomberg.com;