3 April 2001, 10:27 INSIGHT: FED INTERMEETING RATE CUT HOPES MAY BE DASHED
Тo the extent the economy has been suffering from an inventory correction,
there is reason for the Federal Reserve to be hopeful about the
economic outlook, and indeed it is, Market News International is
reliably informed, Steve Beckner wrote Monday in an "Insight" report.
That hopefulness, in turn, suggests that Wall Street hopes for further
aggressive Fed easing, including another interest rate cut before the
next Federal Open Market Committee meeting on May 15, could be
disappointed unless the Fed gets weaker than expected data in coming
weeks.
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