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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (31930)	3/10/2002 7:19:21 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 52237

From a site I read- Saturday, March 9th Back-month fed funds futures have taken a nosedive this past week, sending the odds of multiple rate hikes later this year soaring higher. Listed below are all of the remaining FOMC meetings scheduled for 2002, along with the forecasted move by the Fed according to current fed funds futures prices. Notice that after this month's meeting, the futures market is predicting a 1/4 point hike at each of the remaining six FOMC meetings, which would take the fed funds target rate from the current 1 3/4% to 3 1/4% by the end of the year. 2002 FOMC Meetings & Forecasted Move March 19th: No change May 7th: 1/4 point hike (2% fed funds rate) June 26th: 1/4 point hike (2 1/4% fed funds rate) August 13th: 1/4 point hike (2 1/2% fed funds rate) September 24th: 1/4 point hike (2 3/4% fed funds rate) November 6th: 1/4 point hike (3% fed funds rate) December 10th: 1/4 point hike (3 1/4% fed funds rate)