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To: MrGreenJeans who wrote (13763)	5/15/2000 3:40:00 PM
From: Wally Mastroly	Respond to of 15132

Some other opinions on the FOMC rate moves; + Industrial Production: cbs.marketwatch.com quote.bloomberg.com

To: MrGreenJeans who wrote (13763)	5/15/2000 8:28:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

MGJ: Re: "Does anyone believe the economy is beginning to slow already...." Yes, but the lag effect of rate hikes has not made it visible at this point in rear view mirror stats but I doubt if the growth rate is down to where the Fed. would like it... Re: "... and that the rate increase due tomorrow may or may not be followed by one more and place the Federal Reserve on hold for awhile?" Nobody knows the answer to this one ... not even the Greenman himself. Watch the wording in the statement. That's all that matters at this point. Last hike, Fed. said "risks are weighted mainly toward conditions that may generate heightened inflation pressures" and that "economic conditions" were "essentially unchanged" since February.