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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (2834)6/29/2003 4:58:41 PM
From: LLCF  Read Replies (2) | Respond to of 4907
 
<The fed fund rate has been under target intermittently for months and FED has had to go in and do RRPs to prop it up. Do you deny that FED is doing RRPs? Or do you deny that they're doing it to protect their target? >

No, I dont' deny anything... I asked you to show your data that the fed has been following rates down... your #1 data point was a graph of fed funds futures which has nothing to do with that assertion.

As to this link, I'll have a look, although your NEW assertion that the rate has been "INTERMITTENTLY" under the target rate for MONTHS, certainly makes much more sense to me...

Now, just at a glance, it looks to me like even the data you provided does not show the fed 'proping' the funds rate up on net does it? Looks like they go both ways lately, Am I missing something?

Also, if you remember the conversation started with talking about Fed accomodation and home prices, ie. a long term issue. You seem to be changing the topic....... again.

DAK