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

To: Tunica Albuginea who wrote (54479)	6/17/2000 6:22:00 PM
From: Bridge Player	Respond to of 99985

<< by the August 22 conclave, he should find sufficient evidence to warrant yet another 50-basis point hike in the fed-funds rate, from the current 6 1/2 % target to 7%. (He's likely to go as much as half-a-point by August because the next FOMC gathering will be held October 3, too close to the presidential election to do anything so aggressive as hiking fed funds.) >> There is absolutely no way....none.... that the Fed raises interest rates at the August meeting. With the conventions and political season already hot and heavy, no way. The worst that you will see is 1/4 point in June, and the markets are telling you that even that is less than 50/50. BP