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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?


To: velociraptor_ who wrote (5316)11/6/2002 2:51:54 PM
From: XBrit  Read Replies (1) | Respond to of 10157
 
My interpretation is they really wanted to cut 25bp per meeting for about 4 meetings, starting with the previous one. Slow and deliberate, and no surprise cuts, to give the maximum appearance of no panic. But they held off last time because of the election, so they did 2 25bp cuts today. I expect 2 more 25bp cuts ahead at the next 2 meetings.