Helicopter Ben prepares to shower silver on the people
Traders predict the Federal Open Market Committee, meeting today in Washington, will lower the overnight lending rate by a full percentage point or more, based on futures prices in Chicago. That would be the biggest reduction since 1984, when Paul Volcker led the central bank, and would bring the benchmark rate down to 2 percent.
Posted Mar 18, 2008
Jim Cowie
Responses to this thread:
Jim Cowie:
The market has already priced in a full point. So they're going to give us a point and a quarter. Screw that! We want a point and a half!!
Shimon:
Jim Cowie:
wow, less than the expected point! there were some dissenters, preferring an even smaller cut
