NEW YORK - The Federal Reserve has undergone a slight attitude changeover the past few months, but it still isn't ready to signal the end of the tightening cycle, said Edward Cowan, chief economist at Reid, Thunberg & Co.

From early January to Fed Chairman Alan Greenspan's Humphrey-Hawkins testimony Feb. 22, "there has been a change of mood, a change in emphasis at the Fed," Cowan said in a television interview. "There's a more 'wait- and-see' attitude, but I would not expect a signal of the end (of the cycle) for a while."

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