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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (15030)	8/2/2002 2:20:13 PM
From: Ahda	Read Replies (1) \| Respond to of 82344

Reuters Business Report Goldman Sees Fed Rate Cut to 1 Percent NEW YORK (Reuters) - Investment bank Goldman Sachs (NYSE:GS - News) on Friday aggressively revised its outlook for Federal Reserve policy and is now predicting a 75-basis-point cut in official interest rates by year-end. The Fed funds rate currently stands at a four-decade low of 1.75 percent. Previously Goldman had predicted no move in rates this year and no tightening until the third quarter of next year. This does come from Grace Business - Reuters ECRI Inflation Index Rises in July Fri Aug 2, 9:50 AM ET NEW YORK (Reuters) - U.S. inflation gathered momentum in July, lifted by a spurt in real estate loans, stronger job growth and rising industrial commodities prices, a report showed on Friday. I am not too sure what this means or who is saving whom here? Maybe I am wrong but it sure looks to melike we are in for very weak buying power here in the US with the US dollar.