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T O P I C     R E V I E W
Ace of Spades  - posted
just curious what you thought?
 
PCola77  - posted
I think it's expected, so if they don't, look out below...
 
metal1  - posted

 
Bottomfeeder  - posted
I think that they will cut another .50% and they will do the same each time they meet this year. I expect interest rates to be close to 2.5% by years end.Too bad it is an election year.
 
BooDog  - posted
I don't think so Ace. jmo. Maybe in April/May.
My WAG.
 
metal1  - posted
quote:
Originally posted by Bottomfeeder:
I think that they will cut another .50% and they will do the same each time they meet this year. I expect interest rates to be close to 2.5% by years end.Too bad it is an election year.

the fed funds rate is already at 3.5 after the 3/4 pt cut yesterday. they meet 8 times this year so they can't cut .50 every time.
 
Bottomfeeder  - posted
Ooooops.Thought they meet 4x a year...My bad.
 
Ace of Spades  - posted
So we did get another .50 bp rate cut!
 
PCola77  - posted
Woo hoo, what do I win?
 
BooDog  - posted
I changed my guess from 0 to a 1/4 (not posted here) but was still off. Unreal. Mistake imo. Business needs to take care of business imo.
 
PCola77  - posted
Geez, check this out:

"But the markets want more drastic action by the Fed. The Chicago Board of Trade's fed fund futures are pricing in a 30% chance of a quarter-point cut this month, when the Fed isn't even scheduled to meet.

Those futures are also pricing in a 100% chance of a quarter-point cut in March, and a 28% chance of a half-point cut during the month, up from virtually no chance of a half-point cut ahead of Tuesday's ISM report."

It's at the end of the article: http://biz.yahoo.com/cnnm/080205/020508_recession.html?.v=2&.pf=banking-budg eting
 



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