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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: hdr who wrote (25628)10/22/1998 9:28:00 PM
From: Proud_Infidel  Read Replies (2) | Respond to of 70976
 
hdr,

Why would AG raise rates in October when the FOMC was not scheduled to meet? They meet in Nov, but decided to drop them 25 basis points as a pre-emptive strike a month early. If they do not follow with another 25 point drop, I and many others will be surprised.

BTW, his job is not to "promote" the markets rise or fall, it is to fight inflation.

BK



To: hdr who wrote (25628)10/22/1998 10:14:00 PM
From: Skeeter Bug  Respond to of 70976
 
hdr, everyone is looking at a nov rate increase as a foregone conclusion. they are wrong. profit from it.


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