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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Frank Pembleton who wrote (3665)11/5/2001 7:15:28 PM
From: Frank Pembleton  Respond to of 36161
 
Fed set to cut again

November 4, 2001: 7:00 a.m. ET

Economists see an aggressive cut, but the Fed may need some help.

NEW YORK (CNNmoney) - The Federal Reserve is widely expected to cut interest rates for the tenth time this year after its policy meeting Tuesday, and recent economic data mean the Fed will probably continue to be aggressive.

After two half-percentage point cuts in short-term rates since the Sept. 11 terror attacks - the eighth and ninth cuts of the year - took rates to 40-year lows, many observers thought the Fed would ease up and cut only a quarter-percentage point this time.
money.cnn.com