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To: Road Walker who wrote (98074)2/2/2000 4:42:00 PM
From: GVTucker  Read Replies (3) | Respond to of 186894
 
RE: The rate increase

Greenspan has been setting this rate increase up for a month, it is no surprise, and any possible effect it could have on the markets has long been discounted.

On the other hand, there is a much more important meeting on the other side of the Atlantic tomorrow. The ECB has decidedly not been setting the financial markets up for a rate rise, but the very recent weakness in the euro has probably forced their hand. A rate rise in the euro would affect the markets here much more than the Feds action today, yet probably 1 US investor in a thousand even know that the ECB is meeting tomorrow.

edit: The spellcheck must be xenophobic, it highlighted 'euro'.