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2008-01-26

190704.pdf
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**  This week is jammed with economic releases and events.  The main focus is likely to be the Fed's policy decision on Wednesday (the two-day meeting begins on Tuesday and an announcement on rates is due at around 2:15pm on Wednesday).  While fed funds futures have been extremely volatile, the market continues to look for the Fed to cuts rates by 50-basis-points on Wednesday (and, to date, this Fed has not shown the stomach to disappoint the market).

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