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Strategies & Market Trends : Strictly: Drilling II
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To: Jim Willie CB who wrote (21172)11/1/2002 5:27:01 PM
From: longdong_63   of 36161
 
Hope so....A Reuters survey of 20 primary dealers that trade directly with the central bank found 19 expect the Fed to cut rates after its policy meeting on Nov. 6.
Fourteen are forecasting a modest quarter-percentage-point cut to 1.50 percent, and five others see a more aggressive half-percentage-point move. By the end of the year 17 dealers see the federal funds rate down to 1.25 percent, which would be a fresh four-decade low.
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