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To: Lee who wrote (31932)3/3/1998 8:58:00 PM
From: Sr K  Read Replies (1) | Respond to of 176388
 
Re: Jobs Report. In Greenspan's first day of testimony last week, he said, "Those restraining forces were more evident in goods-price inflation, which in the CPI slowed substantially to only about 1/2 percent in 1997, than on service-price inflation, which moderated much less--to around 3 percent." I hadn't realized the dichotomy. Now, if service sector inflation bumps up an extra .2%, I think the markets will take it in stride.



To: Lee who wrote (31932)3/3/1998 8:59:00 PM
From: HammerHead  Read Replies (1) | Respond to of 176388
 
>>WASHINGTON (March 3, 1998 5:30 p.m. EST nando.net) - Federal Reserve chairman Alan Greenspan said Tuesday there was a slim chance that Asia's problems could spread to hurt the economy of the United States.<<

I heard the last-minute rally in the market was reacting to AG's comments at Senate Foreign Operations subcommittee. I predict tomorrow will be an up day for Nasdaq led by INTC and DELL.


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