MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JRI who wrote (70387)	2/25/2001 6:51:07 AM
From: John Carragher	Read Replies (1) of 99985

berry's basis points this morning. sounds like ag. ha The recent plunge in consumer confidence and stock prices has some analysts suggesting the Federal Reserve might not wait until its next policymaking session March 20 to cut interest rates by another 50 basis points. It cut rates that amount in a between-meetings move Jan. 3, and then again at a meeting Jan. 31. The economy is still at serious risk, but there are some positive signs as well, such as a very rapid reduction in business inventories and a healthy housing market. The Fed would act in response to a clear new threat to economic growth; absent such a threat, however, officials much prefer to change their interest rate target only at meetings of the Federal Open Market Committee. That is a more orderly process that allows investors to anticipate what the Fed is likely to do -- and when they are likely to do it. That thinking doesn't rule out a move, but with only three weeks to the next meeting, it makes one unlikely. Perhaps Fed Chairman Alan Greenspan will provide s! ome clues when he testifies before the House Financial Services Committee on Wednesday.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next