Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (8632)	7/16/2002 8:23:52 AM
From: AugustWest	Respond to of 17639

(COMTEX) B: Greenspan to Offer Outlook Today B: Greenspan to Offer Outlook Today WASHINGTON, Jul 16, 2002 (AP Online via COMTEX) -- Federal Reserve chairman Alan Greenspan will offer his latest economic outlook for the country in testimony before the Senate Banking Committee today at 10 a.m. EDT. Fed watchers expect Greenspan to shy away from characterizing the recent market turmoil, and instead to provide an upbeat, balanced view of the economy. The feeling is that with everyone hanging on the words of the central bank and Greenspan, there's no way he'll start saying things that would make people even more concerned. But don't look for Greenspan to try and jawbone the markets higher, either. If anything, he'll draw a distinction between the economy and the stock market. There is a growing consensus that the Fed will hold the line on any rate hike for the rest of this year. Some economists now wonder whether another cut may even be in the cards. Copyright 2002 Associated Press, All rights reserved -0- APO Priority=r APO Category=1310 KEYWORD: WASHINGTON SUBJECT CODE: 1310 * end of story *