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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (8234)	11/28/2000 3:35:06 PM
From: Mao II	Read Replies (1) \| Respond to of 12662

NW: Took some RADS profits (!) today. Did you see this? Moskow has lost his marbles for sure and now he's trying to steal everyone elses. M2 Tuesday November 28, 1:07 pm Eastern Time Fed Official: Inflation Still Key Risk MADISON, Wis. (Reuters) - Rising inflation still poses the main risk to the U.S. economy even though growth has slowed from its breakneck pace of 1999 and earlier this year, Chicago Fed President Michael Moskow said on Tuesday. Addressing the Madison Economic Forum, Moskow said the nation's tight labor markets and higher energy costs had so far failed to foster expectations of rising prices -- but that they harbored the potential to do so in the future. ``On the whole, the economic environment seems to be in much better balance than it was in May, but the risk of heightened inflation pressures still dominates,'' Moskow said, echoing a statement by the Fed released after the last meeting of its rate-setting Federal Open Market Committee on Nov. 15. The Fed has kept key short-term interest rates on hold since May, following six rate rises since June 1999. But it has repeatedly warned that rising inflation is the prime risk to the economy's record expansion, leaving the door open at least in theory to renewed rate increases in the near future. The Fed next meets on Dec. 19 amid expectations it will keep borrowing costs unchanged once again as signs of a slowdown in the world's biggest economy mount. ``Most of the available economic information since May has pointed to a moderation in demand growth from the frenetic pace we observed in late 1999 and early 2000,'' said Moskow, who will be a voting member of the FOMC next year. Rising productivity growth has helped narrow the gap between demand and the economy's supply potential, he said. ``Moreover, demand is likely to be tempered a bit further by recent tightening in financial market conditions,'' Moskow added. ``Indeed it's possible the economy could expand at a rate below potential for awhile.'' biz.yahoo.com