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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Tunica Albuginea who wrote (55202)	6/25/2000 2:34:00 PM
From: James Strauss	Read Replies (1) of 99985

The Fed knows that once the process takes hold, it doesn't reverse in one month's, or even a few months', time. Policy-makers also know that the rate increases administered to date affect the economy with a lag. Just the way Greenspan used his intuition when he let the economy cruise full speed ahead, he is going to have to tap those talents again to decide when he's done throttling back. Good article Tunica... The effects of those 6 rate hikes plus the stabilization of oil prices should start showing up in future CPI readings... I believe that Greenspan and Co. understands full well, that "lag" effect, and will stop the rate hikes at or immediately after this Tuesday's meeting... Otherwise they would be piling on to the last two or three hikes that have yet to weigh on the economy... It would put the next president in an Economic Box as budget surpluses start to dwindle... I don't think Greenspan would want to start off on the wrong foot with a new president... Jim

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