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As I understand, it is the same cut just confirmed by all the FED districts
which is required.
Who was the "wise guy" with a sell a tick below +32? Anyway a one minute+
affair that screwed some people.
don ewers
----- Original Message -----
From: "Sean O'Toole" <sean@xxxxxxxxxxxxxxxxxxxx>
To: "Omega list" <omega-list@xxxxxxxxxx>
Sent: Thursday, January 04, 2001 4:59 PM
Subject: More FED action
> Was anyone looking at their screen at 4:16 cst when the FED dropped the
> discount rate another 25 bp? Yesterday's cut was 25 bp for the discount
> rate and 50 bp for the fed funds rate. Nice little spike in the s&p and
> nasdaq.
>
> 17:16 FEDERAL RESERVE CUTS LESSER-USED DISCOUNT RATE ANOTHER 25 BASIS
POINTS
> TO 5.50%
>
>
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