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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (23531)	5/25/2000 8:57:00 AM
From: dennis michael patterson	Respond to of 42787

Love it!

To: Lee Lichterman III who wrote (23531)	5/25/2000 9:02:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 42787

Well apparently they want this to rally. Note the injection amount. ( From news.ino.com FED CALL: Analysts see overnight system RP; funds at 6 1/2% May 25-MAR-- [B] FED CALL: Analysts see overnight system RP; funds at 6 1/2% By Deborah Lagomarsino, BridgeNews New York--May 25--The Federal Reserve is expected to inject reserves into the banking system via overnight system repurchase agreements to address a technical need for reserves, in addition to the 28-day system repurchase agreements already conducted this morning, analysts said. * * * At 0830 ET, the federal funds rate was quoted at 6 7/16%. Dana Saporta, a Fed watcher with Stone & McCarthy Research Associates, said she expects the Fed will supplement this morning's 28-day system RP with an overnight system RP given that the Fed still has a rather large add need of $11.5 billion for the remaining 7 days in the current maintenance period. The Fed's add need is getting larger in the runup to the summer holiday season when demand for currency typically rises, she said. In the past, the Fed has satisfied a larger add need by outright purchases of coupons and the Fed may conduct a coupon pass before the end of this maintenance period, she said. However, the Fed may prefer to do a longer-term system repurchase agreement instead, given the dwindling supply of Treasuries in the face of expanding budget surpluses, she said. "When possible, it seems the open-market desk prefers to do a long-term RP and avoid exacerbating Treasury supply," she said. The Fed refrained from adding reserves into the banking system Wednesday. Fed funds averaged 6.48% Wednesday and traded in range between 6 3/8% and 7 1/2%. End EDIT - edit to my previous GDP post. From the same news source as above, consumer spending up 7.5% not 7.4%. Here is the release... TOP STORIES: US economy grew at 5.4% in first quarter Washington--May 25--The U.S. economy grew an unrevised 5.4% in the first quarter, the Commerce Department said, just above the 5.2% pace expected by private analysts. Consumer spending continued to underpin gross domestic product but was revised to a 7.5% increase from the previously reported 8.3% gain. Commerce also said inflation, when measured by the personal spending gauge, eased to 3.1% from the 3.2% last reported. (More news)