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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (63669)1/31/2001 3:25:32 PM
From: Wyätt Gwyön  Read Replies (1) of 436258
 
15:06 ET Fed Outlook : Lots of comments being heard regarding the "rapid and forceful response" phrase in the Fed announcement; CNBC referring to it as "guidance." Only problem is that this phrase is describing past action, not future action. Announcement says that circumstances "have called" for such a response. That's past tense folks. Briefing.com does believe that further cuts are coming, perhaps even intermeeting, but the rapid and forceful response refers to January's 100 bp and is not guidance for the future.
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