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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (40673)10/26/2002 10:20:23 PM
From: John Madarasz  Read Replies (1) of 52237
 
We expect the fed funds rate to end the year at 1.25% versus its current level of 1.75%. This 50 basis point decline in the fed funds rate could come in one fell swoop on or before the next FOMC meeting (November 6) or piecemeal - a 25 basis point cut at the November 6 meeting and another 25 basis point cut at the December 10 meeting.

northerntrust.com
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