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Non-Tech : Moguls Mantra to the Markets -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (155)	9/24/2001 12:34:14 PM
From: $Mogul	Read Replies (1) \| Respond to of 220

The Fed Fund futures market is pricing in virtually a 100% chance of a 50 basis point rate cut at the Oct. 2 FOMC meeting. The October contract is trading at 2.54% this morning, up from 2.5% late Friday. The rise in the rate reflects the recent rise in the effective Fed Funds rate, which had been pushed lower by heavy injections of liquidity by the Fed that have since been reduced. So far today, the Fed Funds rate has traded between 3.00% and 3.125%, in line with the Fed's target.