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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: accountclosed who wrote (58153)8/24/1999 8:30:00 AM
From: bill meehan  Read Replies (2) of 86076
 
AM: I think that's very unlikely given Mr. G's H-H testimony and the ECI, employment/wage and productivity data. I agree with the overwhelming consensus that the Fed won't move after Oct due to Y2K, so the Fed will "move when it can," which means they almost have to tweak rates today. While many of us on this thread believe the Fed has no credibility, the overwhelming majority of investors/traders think highly of Mr. G and simply moving to a tightening bias would damage his credibility.
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