51.   In the past, the Federal Reserve has tended to keep cutting rates for a while once it starts.

52.   Ironically an economic slump might not bother investors much because most would assume the Federal Reserve would keep cutting rates.

53.   Investors and analysts do not expect the Fed to be as fast in cutting rates in the months ahead.

54.   It could also hint that the central bank officials decided to wait for more economic information before cutting rates more decisively, she said.

55.   Interest rate sensitive stocks also gained amid optimism higher wages figures, to be released Thursday, will not be enough to stop the central bank from cutting rates.

56.   It has drawn criticism for cutting German rates when excessive money growth indicates the opposite.

57.   It says the central bank will want to see data on wage increases from workplace agreements, known as enterprise agreements, before cutting rates.

58.   It also said the easing labor markets caused by job cuts should stifle inflation, sending a message that it feels free to continue cutting rates.

59.   Jerry Zukowski, an economist at PaineWebber, is one who figures the Fed may wait even beyond August before cutting rates.

60.   Led by Germany, European nations had been cutting rates for two years in an attempt to steer their economies out of a deep recession.