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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: valueminded who wrote (56671)	4/20/1999 12:35:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

If you look at the money supply figures, the rate of increase has diminished drastically in the last two weeks, especially in comparison to what was going on late last year. The daily operations of the Fed have not resulted in further loosening of available credit, and even in the absence of overt raising of interest rates there is some kind of restraint beginning to occur--as it did around last June, with a subsequent decline in the markets. See bog.frb.fed.us and compare the percentages (scroll down) for April 15 with those for February 4.