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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (144622)1/18/2002 10:47:31 AM
From: Les H  Read Replies (1) of 436258
 
Shawn Bingham, a market analyst at HSBC says "The odds of 25 basis
point cut at the January 30 FOMC meeting have plummeted from a near 70%
chance to just under 30%."

He said that since Greenspan made his comments suggesting risks to
the economic recovery last Friday, the odds have been slowly diminishing
because recent Fed Governors and economic data are painting a rosier
picture than Greenspan.

"Further out the curve, the market sees no change in the target
rate at the March meeting, however, they are beginning to price in hikes
as early as May. Based on current levels, year-end funds are being
targeted in the 2.75% area, which would suggest the Fed will move real
rates back to flat over the course of the year," he says.

from marketnews.com
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