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To: Mohan Marette who wrote (77503)	11/10/1998 9:29:00 AM
From: Lee	Respond to of 176387

Morning Mohan,..Re:.. I hear now that we may not get a rate cut next week,we may have to wait till December probably. Thanks for the article but I think it's dangerous to bank on any one months data because the BLS has been revising the numbers upward in the next report. They've done it nearly every month. Last month's data was revised upward by 150k. dismal.com dismal.com September payroll gains, for example, were revised up to over 150,000 from a previously estimated 69,000 jobs I think also that whether we get a 25 bp ease next week still depends on the spreads between the corporate issues and treasuries and according to some reports, although it's decreased somewhat, it's still historically wide. AG will do what's right though. <vbg> Regards, Lee