Replies to post #42521 on Zeev's Turnips Patch-No Politics (ZEEV)

[Lane Hall-Witt]

I think 6 Nov 2001 was the FOMC's last 50 bp move. They went 25 at the following meeting and haven't cut since.

http://www.federalreserve.gov/fomc/previouscalendars.htm#2001

http://www.federalreserve.gov/boarddocs/press/general/2001/20011106/

[yjacket]

About 15 minutes ago :-)

[wahz]

There is specific precedence for this exact scenario. I will get back to you later on it. It was extremely bullish, ie, we rallied for years after some initial fear.
Bet it happens again. Neeed to kill max pain now and then go go go...just mo

[Joe Stocks]

>>When was the last time we had 50bp in one cut. I can remember.

Try
http://minneapolisfed.org/research/data/us/disc.cfm

Joe