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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: 8-Ball who wrote (30691)	10/20/1999 2:10:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 99985

wouldn't todays CPI and Fridays PPI be the reason rates were bumped up the past two FED meetings? How could today's PPI be the reason for decisions made by the Fed several months ago? Not even the Fed is omniscient. If you will recall, the Fed did not do anything until the "Asian flu", having already taken down the economies of Malaysia, Indonesia, Hong Kong, and Korea, spread to Brazial and Russia, was looking like it could engulf the entire global financial system, as exemplified with the near demise of the so-called "Long-Term Capital" company. That is why the Fed cut rates three times in rapid succession, if you will recall. The Fed earlier this year was simply "taking back" two of those cuts by raising rates, not because they saw any inflation. So the answer to your question is no, IMO.