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


To: Justa Werkenstiff who wrote (12318)3/7/2000 8:59:00 PM
From: Justa Werkenstiff  Respond to of 15132
 
Put/Call Reading for today: .46.



To: Justa Werkenstiff who wrote (12318)3/8/2000 2:34:00 PM
From: Wally Mastroly  Respond to of 15132
 
Re: Beige Book...Comments & text of summary release:

Reports from the twelve Federal Reserve Districts indicated appreciable expansion of economic activity during late January and February,' said the report, prepared by the San Francisco Fed on information collected before Feb. 29.

The Beige Book will form the basis for Fed policymakers' discussion at the March 21 meeting of the rate-setting Federal Open Market Committee, at which they are widely expected to raise short-term interest rates to help cool the economy.

The report said constraints on the availability of labor and other production inputs were widespread throughout the country. ``Most districts reported tight supplies and upward wage pressure for various types of labor, both skilled and entry level,' it said.

But the report added: ``Despite faster wage growth for some workers, increases in the prices of final goods and services were limited overall, although the prices of transportation services and some industrial commodities rose notably.'

biz.yahoo.com

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Beige Book Summary release:

bog.frb.fed.us