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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (3713)	4/10/2001 1:22:46 PM
From: John Pitera	Respond to of 33421

Sure thing..... Kansas City Fed President Thomas Hoenig (voter) spoke last night in Colorado. In his speech he mentioned that he sees improvement in the U.S. economy, and moreover, a rebound in the second half, which is consistent with much of the Fedspeak we have heard of late. Hoenig believes that what could be holding this rebound back is the condition that consumer debt is restrictive and business investment could slow down. However, he does believe that inflation is "contained." and Fed Gov Poole's comments said to help stocks today........ 11:56 ET Poole Sees Little Chance of Recession : St Louis Fed President Poole, speaking to local business leaders, says he sees 25% chance U.S. recession in 2001; thinks the Fed should be ready to react to changes in the US economy... Comments have helped equities lift to fresh session highs.