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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (11617)	2/2/2000 1:41:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 15132

In the meantime, the yield curve is getting inverted more and more everyday. The 1-year note yield is close to that of the 30-year bond. Inversion has already occurred with the 2-year, 5-year and 10-year notes/bonds and the 30-year T-bond. Any thoughts anybody?

To: Wally Mastroly who wrote (11617)	2/2/2000 2:22:00 PM
From: Wally Mastroly	Respond to of 15132

Edit[s]/Fed raises both rates quarter point - relief rally anyone...? (Markets not sure how to react...<g>) - the devil is in the details!!! The Federal Reserve raised short-term interest rates by a quarter point Wednesday, in line with expectations. The move brings the fed funds rate to 5.75 percent and the discount rate to 5.25 percent. The Fed said it remains concerned that increases in demand will continue to exceed growth in potential supply, which would feed inflation. - More detail: biz.yahoo.com Fed raises key interest rates, sees inflation risk Explaining its decision, the Fed said: ''The Committee remains concerned that over time increases in demand will continue to exceed the growth in potential supply, even after taking account of the pronounced rise in productivity growth. Such trends could foster inflationary imbalances that would undermine the economy's record economic expansion.'' Using a new procedure to signal its future intentions, the Fed said that the risks for the economy were ''weighted mainly toward conditions that may generate heightened inflation pressures in the foreseeable future.'' The next scheduled meeting of the interest rate-rate setting Federal Open Market Committee is set for March 21. - ...mucho detail from bloomberg: bloomberg.com