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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Chip McVickar who started this subject	6/16/2001 2:30:42 PM
From: fut_trade	Read Replies (1) of 12411

Warnings vs. rate cuts...from cnnfn.com "Another round of disappointments hit investors Friday. But the day's economic data were troubling enough to cause some analysts to upwardly revise their rate-cut outlooks. Merrill Lynch and Lehman Brothers now predict a half-percentage point rate cut when the Federal Reserve ends its next meeting on June 27. Jeff Benton, NYSE floor trader of LaBranche & Co., isn't convinced that borrowing costs will fall that much. But "the mere fact that people are thinking about it and hoping it's going to happen is going to put a little life back into the market," he told CNNfn's Market Call."

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