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To: greenspirit who wrote (815)12/22/1997 8:46:00 PM
From: Fred Fahmy  Respond to of 990
 
Hi Michael,

<The FED may actually suprise everyone and cut rates.>

While many were worrying about another rate hike this summer and fall, I kept saying that the next Fed move, whenever it comes, will be a rate cut. I have said this for months and I maintain this position. Interest rates are coming down because there is nothing to pressure them upwards.

FF


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