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To: Box-By-The-Riviera™ who wrote (77291)	3/8/2001 3:23:13 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

it sounds very Hoover-like to me...but i don't think it means no rate cut. otoh, they're going to get another inflation report before the FOMC meet, perhaps there will be another surprise? since it is conventional wisdom that inflation is currently not a problem?

To: Box-By-The-Riviera™ who wrote (77291)	3/8/2001 4:15:20 PM
From: patron_anejo_por_favor	Respond to of 436258

<<translation: no rate cut?>> The bubbleheads on CNBS were blubbering about only getting 0.25 on March 20th. Although the strength of the economy (particularly homebuilding and employment) along with increased inflationary pressures (higher CPI/PPI and decreased oil/gasoline inventories) dictates .25, if the Fed actually has the Cojones to actually do it, the markets would show great Fear and Loathing....especially the financials which are priced for "nuthin but blue skies, from now on..."<NG>