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To: werefrog who wrote (54553)12/19/2000 8:35:30 PM
From: David Howe  Read Replies (1) | Respond to of 74651
 
frog,

I posted my source and so has another 4 or 5 people. The source is the Fed. What is the matter with you?



To: werefrog who wrote (54553)12/19/2000 8:41:21 PM
From: Harry Sharp  Read Replies (2) | Respond to of 74651
 
>>. Now, to this point I still have not seen any news stating the fed has shifted to a neutral bias. Have you? If so, post it. <<

dismal.com

As expected, the Federal Reserve Board decided not to change its target for the federal funds rate at today’s FOMC meeting. The federal funds rate target will remain at 6.5%. However, policymakers voted to change the policy-making committee’s bias towards easing, indicating that it views the risk of a sharp downturn in economic activity outweighs the risk that further inflationary pressures will continue to build. The change in the FOMC’s assessment of the risk to the economy was expected by many, and reflects the clear weakening in consumer spending, business investment growth as well as household and firm expectations in recent weeks.



To: werefrog who wrote (54553)12/20/2000 1:10:27 AM
From: rudedog  Respond to of 74651
 
Frog - when you are in a hole - step 1 is stop digging.

Presumably you have figured out by now that the fed went to easing, skipping neutral bias altogether. It's all over the financial news, even made NPR.

But then again, maybe you want to deny it another few times just to get the full effect.

since you seemed to like CNN, here's a link to CNNfn (financial news)

Story titled "Fed changes stance"

cnnfn.cnn.com