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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Stoctrash who wrote (3771)4/18/2001 3:13:30 PM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
The Fed did bushwack Wayne Angel by cutting the day after He said that they would not cut intermeeting.

They are obviously giving him some tough Love -g-

I think the bigger reason was the sell off in the bond market. Rising rates in the credit market is clearly
counterproductive to the Fed's Monetary Policy Goals.