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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Peach who wrote (2137)1/28/2001 11:21:12 PM
From: Jorj X Mckie  Respond to of 15481
 
Hi Norma,
On the surface, it would appear so, but apparently this is not an uncommon event.



To: Peach who wrote (2137)1/29/2001 12:52:16 AM
From: Jorj X Mckie  Read Replies (2) | Respond to of 15481
 
Apparently this expedited meeting has nothing to do with the actual announcement of where rates are going. Info from another thread.

Japan shrugging off the CSCO news, but then again, they could just be bringing money out of US market and backk home.

finance.yahoo.com^N225&d=1d



To: Peach who wrote (2137)1/29/2001 2:12:09 AM
From: Junkyardawg  Respond to of 15481
 
That is interesting. What gets me is the word Expedited.
Advance Notice of a Portion of a Meeting
under Expedited Procedures

dawg



To: Peach who wrote (2137)1/29/2001 2:54:46 PM
From: John Pitera  Read Replies (1) | Respond to of 15481
 
HI Norma, When the FED cut rates earlier in the month, they cut the FED Funds rate one day and had to
wait until the next day before they could lower the discount rate, It was said to be procedural in nature, and that
both the cuts could not come on the same day.

Since this week's meeting is planned, the expedited part may enable both cuts to be made on Wed.

I'm guessing here a bit, but I'll let you know if I get more info on it.

John


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