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Strategies & Market Trends : InvestRight - Short Term Trading St

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To: Ray Tarke who wrote (47)	9/7/1998 11:00:00 PM
From: Brad Bolen	Read Replies (1) of 939

RE: What Greenspan said in a speech at the University of California Berkeley on Friday after the market closed, hinting on a cut rate this will give Wall Street a great boost. Greenspan no longer talking about rate hike--MOF TOKYO, Sept 8 (Reuters) - Finance Minister Kiichi Miyazawa said on Tuesday that U.S. Fed Chairman Alan Greenspan did not indicate in talks on Friday that a U.S. rate cut was near. But Miyazawa told a regular news conference: ''Until now all the talk was about a rate hike. Now it seems it is no longer that way.'' Miyazawa said there was no discussion in his meeting with Greenspan and U.S. Treasury Secretary Robert Rubin in San Francisco of concerted interest rate cuts, which have been widely rumoured in financial markets. ''There was no such discussion and there was no atmosphere like that either,'' he said.

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