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Non-Tech : Le coin des francophones -- Ignore unavailable to you. Want to Upgrade?

To: kamtrader who wrote (19912)	6/16/2000 2:33:00 PM
From: faro	Respond to of 77509

Un petit crisse de click! Pas facile aujourd'hui de penser … ca et de continuer avec mes petits gains qui me demandent de grands efforts Faro

To: kamtrader who wrote (19912)	6/16/2000 2:37:00 PM
From: pallmer	Respond to of 77509

[B] US Press: Fed's Guynn: "Growing evidence" of slowing US economy By Simon Kennedy, BridgeNews Washington--June 16--Atlanta Federal Reserve Bank President Jack Guynn told USA Today Friday that there is "growing evidence" of a cooling in U.S. economic activity. But the Fed official was unwilling to say that the economy has entered a slowdown that will prove long lasting. * * * "I'm not prepared yet to say that we've seen a slowing that will persist," he said. "I think, though, if you look across the various sectors of the economy, there is growing evidence...that we quite likely are seeing some slowing." Guynn cited housing data as the most convincing evidence of a more tepid economy and noted the automobile and manufacturing industries were also showing signs of slowing. "I think both in the data and anecdotally...we may be seeing the first real signs of some slowing," he said. However, Guynn echoed colleagues on the Federal Open Market Committee, on which he is currently a policy voter, in saying "one month's data do not a trend make." "I need to see several more months of key data in key sectors, and I want to continue to hear anecdotally, not just seeing some signs that the economy has settled back to a more sustainable level," he said. Asked whether he thought the Fed was behind the curve in hiking interest rates, Guynn said he thought not. "I think we did in fact begin to move before inflation had a chance to begin to take hold and spread from one sector to another." Conversely, quizzed on whether the central bank had tightened rates too much in the past year by hiking them a combined 175 basis points, he replied "I'm comfortable with what we've done and where we are." As for the FOMC's decision to raise rates by 50 basis points May 16, Guynn said "It was not clear to me that the more modest steps that we'd taken early on had had much bite at all." "The economy was, at the time of the last meeting, still very strong," he said. "The information that was coming in was suggesting to me that while it hadn't gotten away from us, inflationary pressures were still very great and we were beginning to see, at least on a selective basis, some price increases here and there." End [Begin BridgeLinks] Simon Kennedy, Tel: 202-220-3804 Send comments to Internet address: debt@bridge.com [End BridgeLinks] Copyright 2000 Bridge Information Systems Inc. All rights reserved. Jun-16-2000 18:33 GMT Source B BridgeNews Global Markets Categories: R/US R/NME E/GEN G/FED G/CBI COM/LUMBER