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Tuesday, 10/29/2002 11:00:36 AM

Tuesday, October 29, 2002 11:00:36 AM

Post# of 704019
Merrill: Confidence data increases odds of Fed ease

by Julie Rannazzisi
10:55 A.M.

"We believe the decline [in confidence] is being driven by deterioration in the labor market. We believe [the news] increases the odds of the Fed easing monetary policy next week," said Bruce Steinberg, chief economist at Merrill Lynch.



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