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To: JRI who wrote (37129)6/5/2000 11:13:00 AM
From: michael97123  Respond to of 77400
 
JRI, Heard some noise over weekend that fed was still talking 2 more 1/4 ponters--one in June, one in August. Rear view window watching again. The inflation numbers will get worse before they get better but deceleration in economy should be enough to control future infation. Slowdown now occurring because of effects of earlier rate hikes. The last 1/2 pointer should certainly cause more pain. Fed should go to neutral stance until more data is in.