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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (32097)	6/28/2000 1:49:00 PM
From: PMG	Respond to of 50167

Yes, the big IF. Can anybody point me to a website that shows charts of index pe/peg ? I have been looking for this for a long time... I am aware that the growth in the tech/internet sector will offer supernormal profits for some more years for a great number of companies. But not for the broad market and not for 10 years. Not because there will be no more technical revolutions and advances but because of market rules and competition. The equipment sector will imo sustain the good profits for the longest time, along with market leaders...

To: Lee who wrote (32097)	6/28/2000 2:18:00 PM
From: Lee	Read Replies (2) \| Respond to of 50167

June FOMC announcement - No Change bog.frb.fed.us Release Date: June 28, 2000 For immediate release The Federal Open Market Committee at its meeting today decided to maintain the existing stance of monetary policy, keeping its target for the federal funds rate at 6-1/2 percent. Recent data suggest that the expansion of aggregate demand may be moderating toward a pace closer to the rate of growth of the economy's potential to produce. Although core measures of prices are rising slightly faster than a year ago, continuing rapid advances in productivity have been containing costs and holding down underlying price pressures. Nonetheless, signs that growth in demand is moving to a sustainable pace are still tentative and preliminary, and the utilization of the pool of available workers remains at an unusually high level. In these circumstances, and against the background of its long-term goals of price stability and sustainable economic growth and of the information currently available, the Committee believes the risks continue to be weighted mainly toward conditions that may generate heightened inflation pressures in the foreseeable future.