Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (70109)	10/7/1998 9:55:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 176387

Oh sheesh Venkie! Not the afterhours site! Its as bad as quote.com I hate to tell ya. But then again, nothing is as bad as www.whispernumber.com Michelle

To: Venkie who wrote (70109)	10/7/1998 9:55:00 PM
From: TechMkt	Respond to of 176387

Wednesday October 7, 9:23 pm Eastern Time FOCUS-Greenspan opens door to more U.S. rate cuts (Updates with market close, background) By Knut Engelmann WASHINGTON, Oct 7 (Reuters) - Federal Reserve Chairman Alan Greenspan on Wednesday raised the prospect of further cuts in interest rates to keep the U.S. economy on track in the face of a looming credit crunch triggered by global financial turmoil. Greenspan told an economists' group the Fed was virtually certain the U.S. economy would slow from its still-solid pace, particularly because lenders appeared to be holding on to their purse strings in the face of increasing economic uncertainty -- thus depriving even viable companies of much-needed capital. ''We are clearly facing a set of forces that should be dampening demand going forward to an unknown extent,'' Greenspan told the National Association for Business Economics. ''This is a time for monetary policy to be especially alert.'' Analysts read Greenspan's remarks as indicating the Fed's readiness to continue cutting rates to both prevent an economic crash and boost liquidity levels in jittery capital markets. The Fed last week cut its key short-term interest rate by a modest quarter-percentage point to 5.25 percent to cushion the effects of a global financial crisis on the U.S. economy, its first monetary easing in almost three years. But many analysts deemed the cut insufficient to fend off the slump that has hurt much of the rest of the world economy. ''He's certainly opened the door to another rate cut,'' said Diane Swonk, economist at First Chicago NBD, after listening to the speech, adding that the Fed would need to monitor events as they evolve and react to them as warranted. The Fed next meets to debate interest rates on Nov. 17, but some Fed watchers read Greenspan's forthright speech as opening the door to a possible rate move even before that -- a highly unusual step which the Fed has not taken since 1994.