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To: James F. Hopkins who wrote (1553)1/3/2001 3:48:33 PM
From: Hawkmoon  Read Replies (1) | Respond to of 2110
 
I was smelling a rate cut on the way, but I, like the rest felt the Fed might screw it up again and only cut 1/4 point, DESPITE the fact that their last rate hike was 1/2 back in May.

Message 15111894

If they cut again in January, then I think we may have a chance to stave off recession this year. If people detect that the Fed is serious about preventing a recession, and are still intent on engineering a "soft landing", then economic confidence will pick up again.

Regards,

Ron