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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (6836)	9/23/1998 2:16:00 PM
From: yard_man	Respond to of 86076

Reality probably won't sink in until Sept 29.

To: MythMan who wrote (6836)	9/23/1998 2:20:00 PM
From: Joss	Read Replies (3) \| Respond to of 86076

WASHINGTON (CBS.MW) -- Alan Greenspan was his inscrutable self Wednesday, giving investors little to go on as they try to guess whether the Federal Reserve will lower interest rates next week. "Looking forward, the restraining effects of recent developments on the U.S. economy are likely to intensify," the Fed chairman said in remarks prepared for delivery before the Senate Budget Committee. "Deteriorating Foreign economies and their spillover to domestic markets have increased the possibility that the slowdown in the growth of the American economy will be more than sufficient to hold inflation in check." Greenspan said the global economic crisis is likely to slow growth further, but he noted that the real U.S. economy has been largely shielded from the global crisis. Investors were looking for Greenspan to give a clear signal about whether the Federal Open Market Committee will lower short-term U.S. interest rates at its meeting next Tuesday. Greenspan, as usual, refused to be pinned down in his prepared testimony. Steve