Sunday, December 7, 2008

Fed Cuts in December?

The Federal Reserve meets again on December 15-16. They actually increased that meeting from a one-day to a two-day affair. The target rate for Fed Funds is currently at 1%. Just recently, the futures market expected a 0.5% cut. But now it appears to look like a 0.75% cut. By the way, have you noticed that the Fed is having a lot of trouble staying on target recently?

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