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To: GST who wrote (111973)11/20/2000 8:21:38 AM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
>> I too was surprised at the fed bias. Perhaps they don't want to see the market rally this time.
<<

I wonder if the Fed expects the dollar to weaken and import prices to rise. With the stock market drop, and many bonds defaulting, my guess is some money would leave the US, though I don't know if other currencies are any better.