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."