FOMC: rate same, bias towards ease

Nomiprins at aol.com Nomiprins at aol.com
Tue Aug 13 15:14:52 PDT 2002


In a message dated 8/13/02 5:58:09 PM Eastern Daylight Time, dhenwood at panix.com writes:


> It wouldn't surprise me if they're setting us up for a surprise -
> just when people give up on a rate cut, they spring on on us. Maybe
> before the meeting, if the August employment report is ugly.
>
>
Yeah - but, first they'd pretend it wasn't ugly enough and then they'd cut rates after more hope was lost. I've often thought Greenspan was long the market leading up to his announcements - no specific companies, just some untraceable composite instrument like S&P futures.

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