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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (20935)	10/18/1998 1:26:00 PM
From: James Strauss	Read Replies (1) of 50167

Fed Funds Rates Ike: 02/1973 6.58 03/1973 7.09 04/1973 7.12 05/1973 7.84 06/1973 8.49 07/1973 10.40 08/1973 10.50 09/1973 10.78 10/1973 10.01 11/1973 10.03 12/1973 9.95 01/1974 9.65 02/1974 8.97 03/1974 9.35 04/1974 10.51 05/1974 11.31 06/1974 11.93 07/1974 12.92 08/1974 12.01 09/1974 11.34 10/1974 10.06 11/1974 9.45 12/1974 8.53 bog.frb.fed.us Note that they were twice as high in 1973/74 as compared to today... As such, there is a greater probability of a continuation of the up move in the market... bog.frb.fed.us Federal funds (effective) 1 2 3 5.02 5.40 5.33 5.49 Commercial paper 3 4 5 6 Nonfinancial 1-month 5.25 5.26 5.27 2-month 5.15 5.14 5.16 3-month 5.10 5.11 5.13 Jim

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