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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

WASHINGTON (MNI) - The following is an excerpt from the Federal Open 
Market Committee minutes of the September 25 - 26 meeting, published 
Wednesday:
     Participants noted that business fixed investment had grown 
strongly so far this year. A few commented that recent changes in 
federal tax policy had likely bolstered investment spending. Contacts in 
most sectors remained optimistic about their business prospects, and 
surveys of manufacturing activity were broadly favorable. Despite this 
optimism, a number of contacts cited factors that were causing them to 
forego production or investment opportunities in some cases, including 
labor shortages and uncertainty regarding trade policy. In particular, 
tariffs on aluminum and steel were cited as reducing new investment in 
the energy sector. Contacts also suggested that firms were attempting to 
diversify the set of countries with which they tradeboth imports and 
exportsas a result of uncertainty over tariff policy. Contacts in the 
agricultural industry reported that tariffs imposed by China had 
resulted in lower crop prices, further depressing incomes in that 
sector, although a new federal program was expected to offset some 
income losses. 
     ** MNI Washington Bureau: (202)371-2121 ** 
[TOPICS: MMUFE$,M$U$$$,MT$$$$]