[CANSLIM] what the fed said

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: [CANSLIM] what the fed said
Date: Tue, 13 Aug 2002 12:48:45 -0600

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This was the excerpt Briefing had from the Fed announcement -

"The softening in the growth of aggregate demand that emerged this spring 
has been prolonged in large measure by weakness in financial markets and 
heightened uncertainty related to problems in corporate reporting and 
governance. The current accommodative stance of monetary policy, coupled 
with still-robust underlying growth in productivity, should be sufficient to 
foster an improving business climate over time. Nonetheless, the Committee 
recognizes that, for the foreseeable future, against the background of its long 
run goals of price stability and sustainable economic growth and of the 
information currently available, the risks are weighted mainly toward 
conditions that may generate economic weakness.".... 


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