-'NOT FREE'OF RISK ECON WEAKNESS MORE THAN EXPECTED
-EASING SO FAR SHOULD HELP REBOUND'LATER THIS YEAR'
-PERIOD OF SUB-PAR GROWTH 'IS NOT YET OVER'
-'DOWNSIDE RISKS'TO CONS SPENDING'NEXT FEW QUARTERS'
-AMPLE EVIDENCE INVESTMENT IN INNOVATION TO RESUME
-DEMAND FOR CAPITAL EQUIPMENT, GROWTH SHOULD RESUME
-STILL SEES 'ABSENCE OF INFLATIONARY ZEST'
-ENERGY INFLATION 'PROBABLY PEAKING'
-NO MONETARY POLICY CAN ELIMINATE BOOMS AND BUSTS
-TSYS SUPPLY DECLINE MAYBE NOT AS DRAMATIC AS THOUGHT
-HAD FED EASED SOONER,COULD HAVE FORCED WORSE ADJUST
-CONSUMER SENTIMENT HAS STABILIZED,BUT STILL'FRAGILE'
-SUBSTANTIAL SIGNS PRODUCTIVITY GRWTH WELL MAINTAINED
-Financial conditions have become less "stringent"
-Still a risk of greater-than-expected econ weakness
-'CONSIDERABLE UNCERTAINTIES'RE NEXT EXPANSION CYCLE
-STILL RISK OF GREATER-THAN-EXPECTED WEAKNESS REQUIRING RATE CUTS
-U.S. EXPERIENCING ONLY A 'PAUSE' IN HIGH-TECH INVESTMENT