Paging The Fed By Michael Every of Rabobank 2750 Beeps The market is waiting for the Fed to cut rates today for the first time in years: the economist Bloomberg survey expects 25bps; markets are split between pricing 25bps and 50bps, with the most speculation in Fed Funds futures since they began trading in 1988; some joke the Fed should cut 37.5bps to please everyone; others are shifting ”50-50” to mean “fifty then fifty”, i.e., rates can keep being slashed as in crashes and recessions; and Democratic senators want 75bps. There were hopes US retail sales data could make the… — Continue at ZeroHedge News : Read More
