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

To: Frodo Baxter who wrote (900)10/15/1998 10:47:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 3536
 
Re "expect another quarter off at the next meeting"

Before!

Gersh



To: Frodo Baxter who wrote (900)10/16/1998 9:26:00 AM
From: Robert Douglas  Respond to of 3536
 
Lawrence,

Didn't I tell Uncle Al to whack interest rates 50 basis now, 50 basis later a few weeks back?

I was thinking about your solicitation yesterday just before the cut. When is Greenspan's term up? Maybe we have his successor here on SI?

It seems quite common that after a Federal Reserve Board move that the market immediately begins to factor in another move. This morning both T-Bill and Euro-Dollar futures are up over 20 ticks.

-Robert



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