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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Fortinwit who wrote (23816)9/5/1998 10:09:00 AM
From: stockycd  Read Replies (1) | Respond to of 70976
 
F,

Re: "the Fed will no longer have a 'tightening bias' on rates"

My read was that he is giving a much more dim picture of the overall economy than he had two months ago. IMO we won't see FED action until late this year, if then. I do believe the next action will be lowering but the time between now, and when the market guesses when they will lower could be a bit bearish.
CD


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