Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Tom M who wrote (25474)	8/28/1998 6:15:00 PM
From: N	Read Replies (1) of 94695

Monty and Tom re: do you think the fed is sitting this one out June 30 Fed Reserve minutes '...At the conclusion of the Committee's discussion, all but one of the members accepted a directive that called for maintaining conditions in reserve markets that were consistent with an unchanged federal funds rate of about 5-1/2 percent and that contained a bias toward the possible firming of reserve conditions and a higher federal funds rate. ...' ny.frb.org Has anyone on this thread been in the federal funds markets enoough to interpret the Board of Trade's daily tracking of the fed in the market

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