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To: Tom Kearney who wrote (496)	5/23/2000 11:08:00 AM
From: 16yearcycle	Respond to of 57684

The BEST thing that could happen would be decent data and then a 1/2 point raise. There is a very good chance that is what will happen. If gdp comes in at say, 4.0% in the 2nd q, while fed funds are up to 7%, the spread will be easily enough to have it's effect.

To: Tom Kearney who wrote (496)	5/24/2000 1:09:00 AM
From: Libbyt	Read Replies (1) \| Respond to of 57684

>The key thing I think will be the next PPI and CPI numbers. If these stay flat and the Fed raises again, a deafening howl of complaints will fill the air.< I think the "howl of complaints" is already starting. From what I've been reading, there are those who think that Greenspan and the FOMC "did the right thing"...but others totally disagree. I think many people are no longer feeling quite "as wealthy" as they watch their portfolios drastically go down in value. I was one of many investors who had a huge tax payment to make on 4/15. In a few weeks another estimated tax payment is due. (based on 1999 income). If the stock market doesn't reverse its direction, the IRS will be making a very large payment to me as a tax refund for 2000! Libbyt