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To: William Hunt who wrote (138274)6/27/2001 4:13:10 PM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
Bill,

re: "---From CNN ---corrugated box shipments the worst in the last twenty years . What does the FED see that the real economy does not see ?"

A switch to plastic packaging?

Seriously, I think the FOMC is about done with the easing. They will take a look and see attitude into the August meeting. The prevailing wisdom is that the cuts should start getting traction this summer, after the required 6 to 8 month delay (I'm not sure why it's required).

Mostly a non-event today, I'm not sure the market would have reacted any differently if they had cut 1/2 or not at all.

John