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Technology Stocks : Intel Corporation (INTC)
INTC 40.51-7.4%Dec 4 3:59 PM EST
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To: Amy J who wrote (124142)1/4/2001 8:06:42 AM
From: GVTucker  Read Replies (1) of 186894
 
Amy, RE: When was the last time he lowered rates by .5 BP?

July '92, from 3.75% to 3.25%. In Dec '91 he lowered rates from 4.75% to 4%, the largest one time drop of the Greenspan era.

Note that this ½ point drop is in between meetings, which has added significance. Since the Fed explicitly changed its policy toward inter-meeting rate changes in '91, this is only about the third or fourth time that the Fed has taken the route of an inter-meeting rate cut, and the first time for a inter-meeting cut (or increase for that matter)of this magnitude.
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