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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (52387)	6/13/2004 10:55:40 AM
From: AugustWest	Read Replies (1) \| Respond to of 57110

(COMTEX) Fed leaders: rates may climb quickly ( United Press International ) WASHINGTON, Jun 12, 2004 (United Press International via COMTEX) -- Leaders of the U.S. central bank are making it clear the Fed may hike interest rates quicker than expected, the Washington Post reported Saturday. On Friday two Federal Reserve Bank presidents warned rising inflation may force them to raise interest rates more rapidly than many investors expect. Sandra Pianalto, president of Cleveland's federal reserve bank, and Jack Guynn, president of Atlanta's federal reserve bank, both echoed Chairman Alan Greenspan's comments earlier in the week that they do not feel bound to raise rates at a "measured" pace. That was the word they used slightly more than a month ago, in a statement issued after their last meeting, to describe the likely course of coming rate increases. Copyright 2004 by United Press International. -0- SUBJECT CODE: 04008001 04008009 04008000 11006008 * end of story *