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To: Don Pueblo who wrote (340)6/12/2001 9:03:26 AM
From: MulhollandDrive  Respond to of 10077
 
Consumer sentiment and CPI, PPI numbers should be somewhat tame from what I'm hearing.

As far as further rate cuts go...how does the FED react to a deflationary scenario?

Blue light specials everywhere while the consumer is holding garage sales...



To: Don Pueblo who wrote (340)6/12/2001 9:56:41 AM
From: Mark_H  Respond to of 10077
 
I think that we are at a point that further interest rate cuts will have minimal impact. Right now, I think energy cost need to stabilize but I don't see that happening for a while as more states move toward deregulation of electric utilities and refineries continue to be a bottleneck.


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