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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: gao seng who wrote (54539)	12/19/2000 7:15:06 PM
From: Josh Carroll	Respond to of 74651

To clarify that the FOMC HAS shifted its bias towards easing: thestreet.com "CNBC's Fed Foul Up Roils Markets" What made it worse was CNBC's initial announcement that the Fed had kept its bias toward additional interest-rate increases. ... Let's be clear. CNBC did give viewers the correct information soon after. A minute or so after the Fed release, CNBC's Ted David and Kathleen Hays had it correct, saying the Fed had indeed shifted its position and now viewed the risks in the economy as weighed toward slower growth rather than toward higher inflation. ... Other traders were more forgiving of the network, pointing out that the Fed's own statement was confusing to begin with. "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%," the first sentence of the statement reads. Pearson's first words were to indicate that the Fed had maintained its "stance," which actually only referred to that 6.50% funds rate. j