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To: jmac who wrote (86166)7/26/1999 10:18:00 PM
From: Fred Fahmy  Read Replies (1) | Respond to of 186894
 
jmac,

<Raising interest rates now is just stupid.>

Unless their is some major news between now and the next Fed meeting...there will be NO rate increase. Worse case is that they adopt a tightening bias....but even that seems unlikely unless new data emerges which looks inflationary. So far, that hasn't happened.

FF