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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (69678)	9/29/2007 7:53:54 PM
From: RealMuLan	Read Replies (2) of 116555

Fed Bank Presidents Warn Against Assuming an October Rate Cut By Steve Matthews and Scott Lanman Sept. 28 (Bloomberg) -- Four Federal Reserve bank presidents warned investors against assuming the central bank will lower interest rates in October, indicating that weaker economic data would be needed to justify the move. ``It would be a mistake for markets to bake into the cake the assumption of ongoing rate cuts,'' St. Louis President William Poole said today in New York. Atlanta Fed President Dennis Lockhart said he had an ``open mind'' on the need for further reductions. bloomberg.com;

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