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.

Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (1494)	7/24/2002 10:12:27 AM
From: Elwood P. Dowd	Read Replies (3) \| Respond to of 4345

Fed Silent on Market Rumors of Meeting Wednesday July 24, 9:58 am Eastern Time Reuters Business Report Fed Silent on Market Rumors of Meeting WASHINGTON (Reuters) - The Federal Reserve declined to comment on Wednesday on rumors it may act to stem the global tide of equity market losses, in keeping with its usual stance in times of market turbulence. "It is our practice not to comment on rumors," said Fed spokeswoman Susan Stawick. As stock markets across Europe have followed the lead of the United States' markets in dropping, rumors previously seen in the currency markets that the Fed may be considering an emergency meeting have swirled in other financial markets. The Fed's Open Market Committee last cut rates between regularly scheduled meetings on Sept. 17, 2001, days after the attacks on New York and Washington.