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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olds who wrote (29837)	3/12/1999 3:30:00 PM
From: Alex	Respond to of 116764

<< WASHINGTON (MktNews) - The U.S. stock market is pricing in a "very ebullient attitude" toward the future of the U.S. economy, but if this "very favorable course of events" is not realized, the market would be "in some jeopardy" and so in turn would consumer spending, in the view of Federal Reserve Governor Edward Kelley. Kelley, in a Thursday afternoon interview with Market News International, said he expects a slowing of the economy's growth pace and said higher long-term interest rates should contribute to a slowing, but said he sees no sign of it so far. He said the economy is growing at an unsustainably fast pace and warned that eventually the economy will reach the "limits" of its ability to expand without higher inflation. Kelley said he does not expect a commodity price "snap-back" but said weak commodity prices will at least stabilize, and he said other factors which have helped restrain inflation are "susceptible to being reversed." Therefore, the Fed must be "alert" and not be lulled into a sense of "euphoria." >> economeister.com