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To: Bill Harmond who wrote (24253)	11/2/1998 11:20:00 PM
From: Gary Walker	Respond to of 164684

From: stocksite.com "In other words, it appears that the domestic economy does not need another interest rate cut and the international situation has stabilized somewhat. So, will the FRB lower rates again at its next meeting? The financial markets assume so, and would be disappointed if a rate cut is not forthcoming. Our view is that a rate cut is not a foregone conclusion, as the inflation hawks at the FRB now have more persuasive arguments. So the upcoming data will carry more than the usual weight, with considerable emphasis placed upon Friday's Labor Department Report on employment conditions. So, stay tuned. The markets will remain volatile and react as more important data becomes available!"