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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: que seria who wrote (17565)	11/6/2002 1:56:46 PM
From: pvz	Respond to of 23153

Que: I find myself agreeing with every one of your points. It will be interesting to see what happens at 2.15.

To: que seria who wrote (17565)	11/6/2002 1:59:24 PM
From: The Ox	Respond to of 23153

The traditional view was that FED actions on rates took 6 to 9 months to work through the system. The FED may be looking at the potential for another relatively flat year for GDP in 2003 and they may be preemptive in an attempt to push for higher growth in the second half of next year. If mortgage rates get below 5% on the 15 year, then we will also see another round of refinancing, adding more spending capacity to the consumer. I'm not sure I agree with those who say the FED will be pushing on a string. I think the sluggish growth currently being projected is low enough for the FED to want to give the economy one more push. I think the potential for the dollar to be much weaker has been slowed by the political climate change we saw last night. The Republicans having new found power should add some strength to the dollar in the eyes of the world, imo.