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 : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: marvin smith who wrote (11325)	11/17/1998 4:38:00 PM
From: marvin smith	Read Replies (2) \| Respond to of 26039

Yahoo board said Guilford Securities came ot with a strong buy. Boy the Yahoo people are kicking our rears when it comes to news lately. Marvin

To: marvin smith who wrote (11325)	11/17/1998 4:41:00 PM
From: Night Writer	Respond to of 26039

WASHINGTON (Nov. 17) - The Federal Reserve issued the following statement after Tuesday's meeting of the Federal Open Market Committee: "The Federal Reserve today announced the following set of policy actions: -- The Board of Governors approved a reduction in the discount rate by 25 basis points from 4-3/4 percent to 4-1/2 percent. -- The federal funds rate is expected to fall 25 basis points from around 5 percent to around 4-3/4 percent. Although conditions in financial markets have settled down materially since mid-October, unusual strains remain. With the 75-basis-point decline in the federal funds rate since September, financial conditions can reasonably be expected to be consistent with fostering sustained economic expansion while keeping inflationary pressures subdued. In taking the discount rate action, the Board approved requests submitted by the Boards of Directors of the Federal Reserve Banks of New York, Philadelphia and Dallas. The discount rate is the interest rate that is charged depository institutions when they borrow from their district Federal Reserve Banks.