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To: Wyätt Gwyön who wrote (63675)	1/31/2001 4:25:06 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

yes, but read the last sentence...they clearly have an easing bias. i expect rates to come down a LOT more, unless inflation unexpectedly turns up sharply...and even then, they will rather fight the slowdown than inflation imo, especially as inflation itself is more of a lagging indicator. little chance of it becoming endemic on the eve of the k-winter anyway. note the U-shaped yield curve...it predicts FF rates will drop to 2,5-3%.