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Tuesday, 24 November 2009 GMT
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Article
Momentum Sees Fed Funds Rate On Track For a 75bp Rate Cut
Sunday, 26 October 2008 00:09:23 GMT
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Previous Articles
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- Friday, 16 October 2009 19:40:03 GMT Will Crude Salvage its Bullish Drive and Extend the Strongest Rally Since July?
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- Friday, 16 October 2009 04:15:09 GMT Overnight Interest Rate Update 10.16.09
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- Thursday, 15 October 2009 11:47:02 GMT Overnight Interest Rate Update 10.15.09
- Thursday, 15 October 2009 05:24:16 GMT Sterling Finally Plays Catch-Up (Morning Slices)
- Thursday, 15 October 2009 7:15:09 GMT Oil, Metals Diverge as US Dollar Stages Uneven Rebound - Where to From Here?
- Thursday, 15 October 2009 05:42:54 GMT ECB Monthly Report: 3Q Expected to Grow at 0.1% versus 2Q
- Thursday, 15 October 2009 08:28:00 GMT USD Graphic Rewind
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- Wednesday, 14 October 2009 18:31:01 GMT Crude Marks New Year High, Extends Five-Day Rally as Dow Advances Fills in for Delayed Output Numbers
- Wednesday, 14 October 2009 14:24:37 GMT Business Inventories Fall for 12th Month
- Wednesday, 14 October 2009 13:08:21 GMT U.S. Retail Sales Fall Less Than Expected On Broader Demand
- Wednesday, 14 October 2009 11:24:58 GMT Overnight Interest Rate Update 10.14.09
- Wednesday, 14 October 2009 11:14:50 GMT European Industrial Production Rises, Adds Too Recovery Signs
- Wednesday, 14 October 2009 10:23:33 GMT Greenback Finds No Relief in Overnight Trade (Morning Slices)
- Wednesday, 14 October 2009 04:10:16 GMT UK Claimant Count Rate Holds Flat; Jobless Claims Falls to 20.8K
Investors have increased the odds that the Federal Reserve will cut interest rates by 75bp at its meeting this upcoming Wednesday.
On Friday, 92% of traders had bet that the Fed would cut rates down to 1.00% with 8.0% betting on a cut to 1.25%. A shift over the weekend has seen sentiment move towards a more aggressive policy. Today there is a 74% chance of 50bp cut and a 26% probability that the committee will cut to an all-time low of 0.75%.
The last time the overnight rate had a target of 1.0% was in the 12 months between June 2003 and 2004 with the target raised to 1.25% two months later.
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