Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (35140)	10/4/1999 3:59:00 PM
From: Gary E	Read Replies (1) \| Respond to of 44573

Jeff,, Briefing has it at 0900 EST,,,but I'm not shure

To: Jack of All Trades who wrote (35140)	10/4/1999 4:17:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

I remember they usualy report afternoon about 2:00et But Jeff....I don't know if these times change from meeting to meeting and if they can be random? So don't rely on this time and my memory! Chip

To: Jack of All Trades who wrote (35140)	10/5/1999 9:03:00 AM
From: Chip McVickar	Respond to of 44573

Jeff, On FED announcements >>Tuesday's meeting of the U.S. central bank's policy arm, the Federal Open Market Committee, begins at 9 a.m. EDT (1300 GMT). Any statement on interest rates would be made public at about 2:15 p.m. EDT (1815 GMT).<< Tuesday October 5 1:42 AM ET U.S. Rates Seen On Hold As Fed Awaits More Data Full Coverage Federal Reserve By Caren Bohan WASHINGTON (Reuters) - The Federal Reserve is expected to leave U.S. interest rates steady Tuesday as it waits to see if two previous increases in borrowing costs will suffice to rein in the robust economy and head off inflation. Even amid scant signs so far of a cooling off in economic activity, inflation at the consumer level is running at a mild 2.3 percent annually, buying the Fed some time. But many economists believe the risks of overheating are building, especially in light of a recent report on the manufacturing sector from the National Association of Purchasing Management (NAPM) hinting of looming price pressures. ''The Fed's meeting has gotten a lot more interesting after we've had the manufacturing data,'' said Pierre Ellis, economist at Primark Decision Economics in New York. But he still expected the Fed to hold rates steady after tightening credit at two consecutive meetings in June and August. Confidence that the Fed will pass up a chance to boost rates helped U.S. stock prices to rally Monday. The Dow Jones industrial average rose 128.23 points, or 1.25 percent, to end at 10,401.23. U.S. Treasury prices rose modestly, sending the yield on the benchmark 30-year Treasury bond down to 6.09 percent from 6.13 percent Friday. The NAPM data added to signs of solid recovery in the long-suffering factory sector but it also showed purchasing managers were growing more worried about rising prices for materials and other goods. Despite that report, one of the reasons Ellis and other private analysts believe that rates will be left alone for now is that officials, including Fed Chairman Alan Greenspan, have maintained a fairly neutral tone about the economy in speeches and public appearances. Usually when the Fed is gearing up for a rate move, officials give indications they are leaning toward taking action, as a way of preparing the markets for a change. In a Reuters poll Friday of 30 primary dealers of U.S. government securities, only one thought the FOMC would push up rates this week, with the other 29 forecasting no change. Tuesday's meeting of the U.S. central bank's policy arm, the Federal Open Market Committee, begins at 9 a.m. EDT (1300 GMT). Any statement on interest rates would be made public at about 2:15 p.m. EDT (1815 GMT). The federal funds rate for overnight bank lending, which serves as a benchmark for short-term U.S. borrowing costs, now stands at 5.25 percent. At the June and August meetings, the Fed raised rates by a combined half a percentage point. Friday's poll showed that 13 analysts looked for the Fed Tuesday to issue a statement about its policy ''bias'' that would indicate it was leaning toward raising rates in the future. Still, only seven projected the Fed would actually lift rates at the next policy meeting on Nov. 16. Some economists said worries about potential disruptions to the economy and financial markets from the so-called Y2K computer bug could help keep the Fed on hold at the November meeting. The Y2K bug stems from an old software short cut that may cause computers to mistakenly read the year 2000 as 1900. ''The Fed may be concerned about financial-market volatility and the possibility of a financial-market freeze-up,'' said economist Sung Won Sohn of Wells Fargo Bank in Minneapolis. dailynews.yahoo.com