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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.11+0.9%Nov 21 3:59 PM EST
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To: michael97123 who wrote (47422)1/29/2001 9:31:00 AM
From: GVTucker  Read Replies (1) of 77400
 
I think 3/4 of a point is a possibility also.

If that happens, I would take that as a negative for our economy. A decline in rates that brisk (1¼% in less than a month) would sharply increase inflationary potential at a time when we least need it. If a recession is in the cards, rate cuts won't stop it. Rate cuts that are too aggressive will just increase the probability that the recession is accompanied by inflation.
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