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To: Rosemary who wrote (31459)	2/28/1998 10:56:00 AM
From: Lee	Respond to of 176387

Hi Rosemary, RE:<<Will Greenspan lower rates?>> Unlikely in my opinion. They've just adopted a symmetrical stance in the Dec. FOMC meeting and many Fed governors are concerned about the unemployment rate. Also, the regional Chicago Purchasing Managers Index is still showing strength, not to mention and increase in the "prices paid" component. Additionally, several Fed contributors see the Asian crisis as peaked or turning or "worst is over". Check out the headlines on this line and even the recent archives and you'll get the idea that, unless the bottom falls out in SE Asia, we're on hold for awhile. economeister.com I think that part of the losses in the bond market last week, i.e. back up to 6% interest rate, was disappointment in realizing that there would be no immediate ease. Lee

To: Rosemary who wrote (31459)	2/28/1998 11:27:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

Rosemary: Well no I am not expecting any rate cuts soon,whatdya expecting a recession or deflation or something? Did you see the GDP growth rate for Q4, 3.9%! I think no action from the FED may be a even rate increase in June if we keep up the 3.9% growth rate.Well then again I am no economist just a casual student of the subject.<gg>