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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (25926)	12/19/2000 2:18:41 PM
From: Murrey Walker	Read Replies (2) \| Respond to of 65232

Mr. Greenspan just showed W who's boss!

To: im a survivor who wrote (25926)	12/19/2000 2:19:00 PM
From: Cactus Jack	Read Replies (1) \| Respond to of 65232

Perhaps now we get our capitulation. jpgill

To: im a survivor who wrote (25926)	12/19/2000 2:24:49 PM
From: Boplicity	Read Replies (3) \| Respond to of 65232

14:19 ET Fed Meeting : Equities come under pressure after Fed leaves rates unchanged. 14:18 ET Fed Decision : Fed shifts directive to easing bias from a tightening bias, but leaves rates unchanged. Market likely to be somewhat disappointed by this decision, though the shift all the way to easing instead of just neutral strongly indicates that a rate cut is coming on January 31. Like I said we will get ease after the new year, change in bias to ease. I like it. Greg

To: im a survivor who wrote (25926)	12/19/2000 2:25:46 PM
From: Kayaker	Read Replies (1) \| Respond to of 65232

WASHINGTON (Reuters) - The U.S. Federal Reserve kept interest rates steady on Tuesday but warned the economy was slowing so fast that there was a risk of a sharp downturn, a signal the central bank was preparing to cut rates soon. The statement issued by the Federal Open Market Committee at the conclusion of its eighth and final session this year represented a sharp shift from its 11-month-old position that inflation was the greatest risk the record U.S. expansion faced. The Fed kept its federal funds overnight bank lending rate at 6.5 percent for now, where it has been since a half-percentage point increase in May. The more symbolic discount rate on Fed loans to banks remains at 6.0 percent.