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

To: DebtBomb who wrote (26054)	6/5/2001 11:27:36 AM
From: cthd	Read Replies (1) \| Respond to of 37746

Woohoo! MSFT back below $72.

To: DebtBomb who wrote (26054)	6/5/2001 6:25:16 PM
From: $Mogul	Read Replies (1) \| Respond to of 37746

Fed expectations are little changed after this morning's revised productivity data. The June Fed Fund futures contract is trading at 3.755%, down from 3.76% Monday. At that level, the contract is pricing in virtually a 100% chance of a 25 basis point rate cut at the June 26/27 FOMC meeting. The September Fed Funds contract is trading at 3.70%, suggesting the market sees about a 20% chance that the Fed will cut rates again by the August FOMC meeting.