Date: Sun, 14 Dec 1997 18:54:10 -0500 (EST)
From: "Liam R.Flynn" <trinity-AT-hot-shot.com>
Subject: M-G: TURMOIL IN ASIA


> 12/14/97 09:29
> 
> Fed Likely to Hold Rates Steady
> 
> Worsening financial turmoil in Asia is likely to prompt Federal Reserve
 policy makers to leave U.S. interest rates unchanged when they meet
Tuesday, despite signs of unabated economic growth at home. The majority
 of Fed watchers and Wall Street experts is convinced the U.S. central
bank will not want to wreak further havoc on world financial markets by
raising the cost of money. However, a rate rise next year remains a
possibility if the U.S. economy marches on at its red-hot pace, they
said. But experts appear split on the timing of such a move.{REUTERS}




                                                       Liam R.Flynn
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