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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: timers who wrote (56696)1/11/2001 12:28:58 AM
From: Archie Meeties  Read Replies (1) of 436258
 
The official inflation numbers are now higher than they were before AG began raising rates. The leading indicators retreated a bit b/c of oil and the base metals, but AG can't really ease much further than another 50-75 basis points, as a guess until inflation really starts easing. And that much is almost priced in. BTW, it would be a mistake to think that lower mortgage rates automatically means more housing/building.
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