Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Haim R. Branisteanu who wrote (7087)	5/4/2001 8:20:42 PM
From: Jacob Snyder	Read Replies (1) of 52237

May 15 disappointment coming? The Fed next meets on May 15 when it is once again expected to cut interest rates. Twenty-four out of 25 primary dealers expect the central bank to cut its key rate by 0.5 percentage point at that meeting, according to a Reuters poll on Friday. dailynews.yahoo.com My comment: A 0.5% rate cut is the very most that could happen. Given inflation in energy and labor costs, and the Dow not too far below all-time highs, a 0.25% cut is possible. And, after that, if we continue to get more signs of inflation, the Fed may be done cutting rates.

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