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Strategies & Market Trends : Waiting for the big Kahuna
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To: Oeconomicus who wrote (21143)7/1/1998 2:23:00 PM
From: Haim R. Branisteanu  Read Replies (2) of 94695
 
Bob, the next meeting should be in six weeks or around August 11/12. It is interesting that they left FED Funds unchanged but they are trading today around 6% in the open market.

My read is that they are inclined to tightening if the economy does not cools soon.

BWDIK

Haim
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