81.   Bond fund managers are assessing whether European central bankers still have a few more rate cuts in them.

82.   Bill Ahern, senior policy analyst with Consumers Union, said the rate cuts are less than half what they should be.

83.   Bitner and other analysts said another federal stimulus bill, combined with the expected rate cuts, should eventually help the economy turn around.

84.   Both Finneran and Birmingham accuse the governor of protecting the surplus to fund an income tax rate cut.

85.   Both rate cuts this year have been triggered by the preliminary city consumer prices, in January and June.

86.   Both reports dampened expectations for the size and speed of future Fed rate cuts.

87.   Bond markets took the rate cuts as confirmation of expectations inflation rates are moving lower.

88.   Bond markets took the rate cuts as confirmation that central banks see inflation easing and that actual inflation rates are coming in lower than predicted.

89.   Bonds rose Tuesday, in anticipation of a rate cut.

90.   All these signals lead many analysts to argue that the Fed rate cut was not enough.