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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Sharck who wrote (12424)3/20/2001 2:46:31 PM
From: Softechie  Read Replies (1) | Respond to of 37746
 
Briefing.com is another PIMP show!

14:36 ET Fed Clues : The Fed's statement that it would "need to monitor developments closely" mirrors this statement at the December meeting: "The Committee will continue to monitor closely the evolving economic situation." That December statement was followed by an intermeeting cut 15 days later. Also notable that no such "monitor closely" comment was made after the January meeting, and not coincidentally the Fed made no intermeeting move. Once again, today's statement strongly hints at another cut coming soon.