29 January 2002, 11:47 Analysis:FOMC Meets Amid Lwr Hopes for More Rate Cuts
Steven K. Beckner wrote Monday that Federal Reserve two-day meeting starting
Tuesday won't be meaningless or uneventful after Greenspan's
rectification of economic outlook. The FOMC's policy statement will
still be of great interest and can be expected to retain a balance of
risks weighted toward "economic weakness." More important, the policy
statement will be parsed for insights into how long the Fed is
predisposed to keep rates low. The FOMC's task over the next two days
includes strategizing for the first half of the year and tentatively
beyond.
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