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To: zonder who wrote (1507)10/31/2002 10:57:53 AM
From: frankw1900  Read Replies (1) of 6901
 
exchange rates have a lot to do with interest rates and the sunken consumer confidence figures of the other day and the expectation of an interest rate cut by the Fed next week are pushing the USD lower as we speak.

Zonder, Railcar loadings up, chemical bulk carriage up, highway truck traffic far above recession levels, inflation (despite all drivel spoken about deflation) up, Fed lowering permanent bank reserves (or at least, being very stingy).

I say the fed isn't going to cut interest rates.

Well, it shouldn't cut its rate.

Its rate is effectively zero, anyway. Japanese went that route - lot of good it's done them.

(Personally I think Fed ought to get out of the rate setting business entirely. But that's another topic).
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