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To: oceanview

I guarantee you there will be an FF rate increase in December, perhaps even 50 bp, and very possibly one in November also -- but, the FOMC meeting is on election day in November, and Greenbean will have to be rather adroit in his timing of any announcement(s) of action(s), lest he be roundly condemned by one or another party.


52 posted on 08/10/2004 1:37:21 PM PDT by SAJ (Buy 1 NGH05 7.50 call, Sell 3 NGH05 11.00 calls against, for $600-800 net credit OB. Stone lock.)
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To: SAJ

The announcement is always made at 1:15 CT.


63 posted on 08/10/2004 7:35:49 PM PDT by RWR8189 (Its Morning in America Again!)
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