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To: Andrew G. who wrote (95834)4/18/2001 3:15:30 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
"Yesterday's tame CPI report was apparently the confirmation needed to get the cut today"
I hope you are being sarcastic here? The fed waiting on the CPI?



To: Andrew G. who wrote (95834)4/18/2001 3:30:57 PM
From: Les H  Read Replies (3) | Respond to of 436258
 
I think the Fed decided lower rates were needed to spur overinvestment to cure the overcapacity problem.