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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 230.84

-0.7%

Dec 31 3:59 PM EST

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To: schrodingers_cat who wrote (125091)	5/16/2001 6:27:58 AM
From: Sarmad Y. Hermiz	Read Replies (1) of 164684

>> Do you think that the consumer is responding to the interest rate cuts and hopefully starting to lead the economy out of its slowdown? << s_c, I really don't see a quick relationship between the rates set by the Fed and those seen by consumers. For sure Mortgage rates have not dropped 250 basis points since January. But I think the "prime" rate is very closely related to Fed rates. Which lowers business costs, increasing profits, and finally encouraging companies to hire or retain workers. But I think that is a time-delay process and takes several months or maybe a whole year. So when the proposed tax cuts take effect, the rate cuts will be also taking effect. And I think that will be around September.

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