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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (578)	5/15/2001 2:30:38 PM
From: solihull	Read Replies (1) \| Respond to of 13815

14:18 ET Fed Announcement : The Fed's announcement was very bullish. The Fed removed its comment about "monitoring developments closely" and thus the likelihood of an intermeeting cut. But there was nothing in the announcement that indicated the Fed sees a turn in the economy. Policy makers continued to make the following points: capital spending is declining, there is a negative equity wealth effect, and importantly they expressed continued confidence in the view that productivity growth remains strong and inflation risks remain low. Dow moves from -50 to unchanged and Nasdaq from +6 to +29.