Wednesday, October 29, 2008 8:58:36 AM
Nov Fed rate cut (today)- 50 bps
followed by a Friday Yen rate cut of 25 bps, and ECB rate cut of 50 bps.
Dec Fed rate cut - 50 bps
followed by a Yen rate cut of 25 bps, and ECB rate cut of 25 bps.
The Fed is expected to cut its target fed funds rate by half a percentage point to 1 percent later Wednesday. Markets are also holding out the hope the Bank of Japan would trim its interest rate a quarter percentage point from the already low 0.5 percent.
The European Central Bank and Bank of England are also expected to follow suit and cut borrowing costs at their next scheduled rate-setting meetings next Thursday.
Dollar Danger, Will Robinson! Dollar Danger!
followed by a Friday Yen rate cut of 25 bps, and ECB rate cut of 50 bps.
Dec Fed rate cut - 50 bps
followed by a Yen rate cut of 25 bps, and ECB rate cut of 25 bps.
The Fed is expected to cut its target fed funds rate by half a percentage point to 1 percent later Wednesday. Markets are also holding out the hope the Bank of Japan would trim its interest rate a quarter percentage point from the already low 0.5 percent.
The European Central Bank and Bank of England are also expected to follow suit and cut borrowing costs at their next scheduled rate-setting meetings next Thursday.
Dollar Danger, Will Robinson! Dollar Danger!
Dollar Danger, Will Robinson! Dollar Danger!
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