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To: SusieQ1065 who wrote (729)	6/12/2002 2:07:13 PM
From: Frederick Langford	Respond to of 1854

Susie, lol Beige book: 14:02 ET Beige Book notes uneven economy : The Fed's Beige Book headlines indicate that economic growth was moderate but uneven in April/May; that labor market have been soft, retail sales flat, and price pressures muted. Add all of this up and what you have is yet more evidence (though none was probably needed) to support Fed inaction at its June 25/26 meeting, and likely well beyond that. No market reaction is likely