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US BEGINS TO CATCH A COLD

Por: Tema(s): En: Financial Times 26 oct. 1998, p. 15Resumen: Executives around the country continued to map a path through what they expect to be a troubled period. That new mood of caution makes it inevitable that a slowdown will come though the severity of the dip is unclear. It is not difficult to identify the cause of last week's bounce. Before the Federal Reserve lowered interest rates 11 days ago, there was concern that such a move would be taken as a sign of panic in the face of worsening conditions in financial markets. But in the event, the rate cut brought a sense of relief, not heightened fear.
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Executives around the country continued to map a path through what they expect to be a troubled period. That new mood of caution makes it inevitable that a slowdown will come though the severity of the dip is unclear. It is not difficult to identify the cause of last week's bounce. Before the Federal Reserve lowered interest rates 11 days ago, there was concern that such a move would be taken as a sign of panic in the face of worsening conditions in financial markets. But in the event, the rate cut brought a sense of relief, not heightened fear.

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