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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: ok1day who wrote (64214)	10/5/1999 2:31:00 PM
From: Ben Sanford	Read Replies (3) \| Respond to of 90042

I think the markets will continue with uncertainty until next year - due to Y2K paranoia, etc. Ben

To: ok1day who wrote (64214)	10/5/1999 2:47:00 PM
From: Bryan	Respond to of 90042

The Fed left rates unchanged but switched to a tightening bias as everyone was expecting. The change in bias is nothing to be concerned about as it has been normal practice for many years to move to a tightening bias in the meeting following a rate hike. The FED's main concern is the raw data, which is what they will be monitoring quite closely till the Nov meeting. The Fed's chief worry is still the labor market: ÿÿÿ..."the growth of demand has continued to outpace ÿÿthat of supply, as evidenced by a decreasing ÿÿpool of available workers". In other words, the falling unemployment rate. Keep your eyes on the weekly jobless claims. As long as growth in the jobs sector remains constrained, the FED should be able to keep rates on hold. bk