Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (14881)	6/28/2000 2:22:00 PM
From: Wally Mastroly	Respond to of 15132

FOMC - No change to rates.../EDITs 14:15 FED: TENTATIVE SIGNS DEMAND MAY BE MODERATING TO SUSTAINABLE PACE 14:15 FED SEES ECONOMIC RISKS STILL WEIGHTED TOWARD INFLATION PRESSURES 14:15 FED LEAVES DISCOUNT RATE UNCHANGED AT 6% - Bloomberg summary: bloomberg.com 14:15 FEDERAL RESERVE LEAVES FED FUNDS INTEREST RATE UNCHANGED AT 6.5% AS EXPECTED -- FOMC Press Release: 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.