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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (11082)	6/22/2001 1:40:10 PM
From: $Mogul	Respond to of 19633

FED TALK: A majority of primary dealers (those authorized to deal directly with the Fed) continue to expect a 25 basis point rate cut next week, although a rising percentage predict a 50 bps move, according to wire service surveys. Surveys by Bloomberg and Reuters show 15 of 25 dealers expect a 25 basis point cut while 10 see a 50 bps move. Goldman Sachs and Zions are said to have changed their call this week from 25 bps to 50 bps and Banc One Capital Markets expects a 25 bps cut followed by an intermeeting 25 bps cut prior to the August meeting. A Bloomberg survey at the start of the month found just 3 dealers predicting a 50 bps cut.