Wednesday, June 27, 2007

Rate Change Thursday?

According to CBOT rate change probabilities there's a 98% likelihood the Fed Fund Rate will stay where it is (compared to a 100% probability yesterday). A good argument for a cut, <here>
I'd put some money on the side of a 5% rate by this time tomorrow (money I would be prepared to lose of course), double or nothing by October for the next FOMC. Maybe Ben Bernanke wants to feel like a real american hero come 4th of July.

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