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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (30931)	3/19/2000 9:34:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Lee: Great data as usual... A falling Consumer Sentiment reading could signal the FED that the "Wealth Effect" could be subsiding... At the very least it should put a lid on next week's rate increase to 1/4 point... Another drop in Consumer Sentiment could turn the FED neutral at future meetings... The 6 to 9 month lag of the economy's reaction to rate increases appears to be kicking in... The 10 year bond dipped below 6% this week... This points to the bond market telling the FED to ease off the rate increase pedal... Jim