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To: g_m10 who wrote (8383)	10/29/1998 2:47:00 PM
From: Benny Baga	Read Replies (4) \| Respond to of 8545

In addition the consumer confidence numbers should be better in November: Ian Richardson, an economist with High Frequency Economics in Valhalla, N.Y., disagrees with those who see further softening of consumer confidence and may have good news for retailers. He doesn't see consumer confidence dipping much more. "The survey doesn't reflect the [second] Fed rate cut since the survey was taken between Oct. 1 and 15," said Mr. Richardson. He added that "stock prices have recovered somewhat as well. A degree of stability has returned." On Sept 29, the Federal Reserve cut short-term interest rates by a quarter-percentage point, to 5.25%; on Oct. 15, the Fed board trimmed rates another quarter-point. Benny (I been wrong also)