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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (5381)	3/19/2002 4:53:52 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 5893

waiting for the book to bill anyone please post it here... and if you can interpret it too that'd be cool<VBG>

To: Jerry Olson who wrote (5381)	3/19/2002 6:18:51 PM
From: 2MAR$	Respond to of 5893

DJ Goldman Sachs Now Sees Fed Tightening 'Modestly' In 2002 WASHINGTON (Dow Jones)--Goldman Sachs economists scrapped their prior prediction that the Federal Reserve won't raise interest rates this year, saying Tuesday they "now anticipate that the FOMC will tighten monetary policy modestly in 2002, with 25-basis-point rate hikes penciled in for the June, August, and September FOMC meetings. "We then expect that Fed officials will take a break in tightening as the economy slows to a below-trend growth pace in the second half of 2002," stated a market comment from Goldman Sachs Economics. "Our year-end Federal funds rate forecast is now 2.5% compared to 1.75% previously." The Federal Open Market Committee earlier Tuesday shifted its perceived balance of risks to neutral, a move widely anticipated by financial markets and seen as a prelude to the FOMC raising rates later this year. The FOMC's statement said in part that "the information that has become available since the last meeting of the Committee indicates that the economy, bolstered by a marked swing in inventory investment, is expanding at a significant pace." -By John Connor, Dow Jones Newswires; 202-862-9273; John.Connor@dowjones.com (END) DOW JONES NEWS 03-19-02