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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: im a survivor who wrote (25926)12/19/2000 2:24:49 PM
From: Boplicity  Read Replies (3) of 65232
 
14:19 ET Fed Meeting : Equities come under pressure after Fed leaves rates unchanged.

14:18 ET Fed Decision : Fed shifts directive to easing bias from a tightening bias, but leaves rates unchanged. Market likely to be somewhat disappointed by this decision, though the shift all the way to easing instead of just neutral strongly indicates that a rate cut is coming on January 31.

Like I said we will get ease after the new year, change in bias to ease. I like it.

Greg
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