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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: keynes_harlot who wrote (7712)	10/2/2002 12:54:53 PM
From: Sully-	Read Replies (1) \| Respond to of 89467

12:49 ET Fed's Broaddus sounds cautious : Richmond Fed President Broaddus (who is not a voting FOMC member this year) on the tape saying that disinflation is a plausible risk, the labor market recovery is tepid, and the business/consumer mood is pessimistic. But he also notes glimmers of light on the business investment front. This is a relatively negative tone, but the market appears willing to focus more on the positive (possible Fed rate cuts) than the negative (continued economic weakness).