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To: Ramsey Su who wrote (8437)	9/7/2001 10:23:33 AM
From: TobagoJack	Respond to of 74559

Hi Ramsey, <<1) would Greenspan do a mid session rate cut?>> Very possibly ... <<2) if yes, would it make any difference?>> ... and the move will panic the already dazed faithful. Chugs, Jay

To: Ramsey Su who wrote (8437)	9/7/2001 10:52:57 AM
From: Wyätt Gwyön	Respond to of 74559

1) would Greenspan do a mid session rate cut? briefing on this matter>> 10:29 ET Fed Rate Cut : Hearing some talk in the market of a possible intermeeting rate cut; this ranks as one of the worst predictions we have heard in quite some time. The Fed gave up the practice of reacting to employment reports in the early 1990s and is not about to go back to it now; it would take some dramatic bad news to prompt an intermeeting move this far into the easing cycle, and we didn't get that today (see Story Stocks for more on the Employment Report). We think the probably of an intermeeting cut is - at best - 1 in 100. 2) would Greenspan do a mid session rate cut? deduce from answer to 1)