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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (50318)	8/9/2001 1:50:18 PM
From: mitch-c	Read Replies (1) \| Respond to of 70976

Okay, the bottom's in! A thread bull is threatening a fenestral descent! <g> Seriously, though. I don't think we get 1/2 point for two reasons. First, AG and Co. have already signaled a slowdown in the rate changes with the 1/4 point last time out. Second, the relative percentage cut from 1/4 pt now is nearly as much as the first 1/2-pointer ... because the rates are already so low. I think the recent "bad" news on the economy - while backward-looking - will prompt a cut ... but 1/2 point would be too extreme, signaling a level of economic fear that has so far been absent. My vote is on the 1/4 point. - Mitch