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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (18961)	7/16/1998 3:53:00 PM
From: Lee	Read Replies (1) of 50167

Ike,..Re:<< On macros economic indicators I am one of the few people who called that next interest rate move will be down not up>> Are you saying that the Fed will lower the Fed Funds rate in the coming months? If so, is this because of a domestic slowdown? If we have a domestic slowdown, how will the US provide the legs to carry the global economy through the trials of the Asian slowdown? The alternative is for the rate to fall without Fed intervention, but I don't think this is a realistic scenario unless Japan fails once again to initiate substantial economic reform. Thanks in advance for your views Lee

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