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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (34542)10/1/2001 3:44:46 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 68098
 
15:33 ET Fed Meeting : The FOMC meets tomorrow and is expected to announce its decision at about 2:15 pm ET; there isn't much upside for the market with this meeting, as it is widely expected that the Fed will cut the funds rate by another 50 bp to 2.50%. Since a larger cut of 75 bp is highly unlikely, it's difficult to see how the Fed could provide the market with an upside surprise.


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