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To: Lee who wrote (66909)	9/23/1998 2:30:00 PM
From: Rich Young	Respond to of 176387

Having read Alan's remarks, I am more inclined to believe that they will ease a little next Tuesday. Rich

To: Lee who wrote (66909)	9/23/1998 2:38:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

HI Lee, A rate cut is imminent either on the 29th or during the next 2 FOMC meetings that follows the sept meeting,more likely on the 29th from the looks of it. I think all he said was the turmoil around the world was sufficient to keep a lid on U.S inflation,quite an improvement from what he said last time which was something like the economic turmoil outside the U.S had a balancing effect on U.S inflationary pressures. So I guess Greenspan is a happy man now and anything is possible now.<vbg>