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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Paul Berliner who wrote (7878)	1/13/1999 1:02:00 PM
From: Bosco	Respond to of 9980

<ot> G'day Paul & all - with the Brazil doing the hatchet job for the Fed against the US markets [note: at this point, it doesn't look like it is doing enough though,] and considering the PPI remained timid [excluding tobacco,] Chairman Al & his merry crew have mo room to mess with the interest rate. Until last Fri, I thought the chance of a rate cut at the next FOMC would be slim. Now, my guess is that it has a better than 50/50. By taking the US rate down another 25 basis points, pressure oversea will be reduced [of course, it may be tangential, since the local economies must show signs of life to be able to take advantage of the US rate cut.] best, Bosco