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To: T L Comiskey who wrote (69551)	10/6/1998 12:26:00 PM
From: Mohan Marette	Respond to of 176387

Chicago Fed's Moskow sees 1998 GDP at 3%-No evidence of impending recession. Tim: Hope this guys is right,the last thing we want now is a recession. ========================================= Tuesday October 6, 11:52 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Chicago Fed Moskow sees 1998 US GDP around 3.0 pct CHICAGO, Oct 6 (Reuters) - Federal Reserve Bank of Chicago President Michael Moskow said Tuesday he sees no sign of an impending U.S. recession as Gross Domestic Product (GDP) growth is expected to run at around 3.0 percent this year. ''I don't see any evidence of a recession in the numbers we have seen or forecasts or anecdotal information,'' Moskow said in answer to a question after addressing the Association of College and University Business Officers. Moskow further said he estimated U.S. GDP growth would come in at around 3.0 percent this year and at between 2.0 and 2.5 percent in 1999. (Note: this article is ''in progress''; there will likely be an update soon.)