Fed Rate Cut Countdown
Apr 30th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsAll eyes are on Ben Bernanke and the Federal Reserve today, the big question being: Will there be another Fed rate cut?
Just about everyone is predicting another rate cut, but will this rate cut be the last for a while?
CNN says “trading in futures markets predicts the Fed will cut its key fed funds overnight lending target by a quarter-point, to 2%, and hold the line there in coming months.”