No. Bloomberg is saying that a 50pt cut is already priced into the market. Sounds like Bernanke is being forced into a corner and will fire his last bullet. It’s amazing that 2 weeks ago the majority of us did not want a rate cut and now the markets are on their knees begging for one.
sadly, paulson came out today and spoke of inflation. – i don’t really see a 50 bps cut, if anything, we’ll probably get a 25 bps.
Same. I’m hoping they drop it 100 bais points all in one shot to give back some of this b.s. rally in the greenback. Willy