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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (4787)	5/4/2001 9:15:56 AM
From: Connor26	Respond to of 5732

8:45AM ET The April Employment Report indicated weakness which was widespread -- job declines in construction, manufacturing, and services. The average workweek held steady, which is a lone bright spot. Overall, this report confirms what Briefing.com economists had feared -- that we may not have seen the worst of this economic downturn. We've been anticipating another Fed rate cut of 50 basis points on May 15 and this report makes such a move much more likely. For the near term at least, investors will be returning to worries over recession as the consumer side of the economy is showing... so all this means is we'll end up green at the end of the day!