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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (2062)	4/21/2001 10:00:18 AM
From: Ilaine	Read Replies (1) \| Respond to of 24758

One of the factors about the "surprise rate cut" which doesn't seem to be getting mentioned is that there was no regular meeting scheduled for April. The FOMC doesn't meet every month. This last cut was done midway between the March meeting and the May meeting. federalreserve.gov Briefing.com, which is pretty good on bonds, was calling for a rate cut on April 17 - here is the gist of it: >>Where is the Fed? Tim Rogers Updated: 17-Apr-01 00:06 ET Today is the midpoint between the last FOMC meeting and the one on May 15. While the Fed sits with the policy trigger cocked and ready to fire the economic outlook continues to worsen. The consumer now joins the ranks of dismal corporate earnings, the pop in the business investment bubble and the glut of unsold inventory. And with the consumer goes GDP. Friday's report on business inventories took our running estimate for Q1 GDP in to the red which suggests that the economy is already in recession. The continued economic worsening leaves us asking: Where is the Fed?!..continued<< www2.briefing.com