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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: N who wrote (719)9/28/1998 1:59:00 PM
From: N  Read Replies (1) | Respond to of 3536
 
...y...

From the cbot noontime report

Fed Funds were last reported to be trading at 5 1/2%, lower than the 5
3/8% rate that traded during the Fed's normal intervention time. To the
surprise of some analysts, the Fed stayed out of the open market.


novice fed watcher

Nancy



To: N who wrote (719)9/28/1998 5:12:00 PM
From: Henry Volquardsen  Read Replies (1) | Respond to of 3536
 
my understanding was that there was no Fed injection of liquidity, the banks just bout out LTC and took over it's positions.

Also fwiw I think the Fed will cut 25 bps tomorrow but would not be shocked if there was no ease.


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