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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: qwave who wrote (96177)	3/26/2001 2:42:39 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 152472

Holy Merde Batman......... time to break out the abacus Fed's Santomero: Growth 'Quite Slow' NEW YORK (Reuters) - Philadelphia Federal Reserve President Anthony Santomero said on Monday that U.S. economic data were showing a mixed picture, with first quarter 2001 growth "quite slow." "We're observing a mixed picture in economic activity. GDP (gross domestic product) growth slowed in the fourth quarter of 2000 and was quite slow in the first quarter of 2001," said Santomero, who currently is not a voting member of the Fed's policy-setting Federal Open Market Committee. The economy grew by 1.1 percent in the fourth quarter of last year. Prices in commodity and labor markets suggest that "inflation pressures have abated substantially," Santomero said in response to a question following an address at the Downtown Economists Club in New York. The Fed last week cut short-term interest rates by half a percentage point for the third time this year, bringing federal funds rate on overnight bank borrowings to 5.00 percent, and it indicated that more cuts are to come.