UPDATE: Fed cuts rate 25bp (Oct 31)

by **emersonbiggins** » Wed 31 Oct 2007, 15:07:23

Bloomberg

This, despite robust near 4% economic growth last quarter :roll:

. Middle of the road, I suppose.

by **jbrovont** » Wed 31 Oct 2007, 15:08:45

Oct. 31 (Bloomberg) -- The Federal Reserve cut its benchmark interest rate by a quarter point to 4.5 percent to cushion the U.S. economy from the housing recession that officials predict will extend into next year.

There it is - bloomberg.com
http://www.bloomberg.com/apps/news?pid= ... refer=home

by **inculcated** » Wed 31 Oct 2007, 15:10:59

Apparently the dollar sell off was not nearly as grand as expected...

by **jbrovont** » Wed 31 Oct 2007, 15:27:25

$this->bbcode_second_pass_quote('inculcated', 'A')pparently the dollar sell off was not nearly as grand as expected...

by **FoxV** » Wed 31 Oct 2007, 15:39:46

Go!Ben Go! I'm sorry I doubted you buy playing short for your last rate cut (To think I actually thought he was going to hold) but now that I'm long Gold and Oil (in Canadian Dollars) you're the Candy man to me.

Not to look a gift horse in the mouth, but what's up with this action (Dow, S&P, and NasDaq)

[web]http://ichart.finance.yahoo.com/z?s=%5EDJI&t=1d&q=l&l=on&z=m&c=%5EGSPC,%5EIXIC&a=v&p=s[/web]

did everyone miss hear him when he yelled out "Print you bastards Print"

by **emersonbiggins** » Wed 31 Oct 2007, 15:46:03

I see there's no need for trading curbs on a 1.5% upswing... :roll:

by **jasonraymondson** » Wed 31 Oct 2007, 15:52:02

By January they will lower it another quarter. I am willing to place a bet on that.

Fuck the future, as long as the rich can get richer today.

UPDATE: Fed cuts rate 25bp (Oct 31)

UPDATE: Fed cuts rate 25bp (Oct 31)

Fed cuts rate .25

Re: UPDATE: Fed cuts rate 25bp (Oct 31)

Re: UPDATE: Fed cuts rate 25bp (Oct 31)

Re: UPDATE: Fed cuts rate 25bp (Oct 31)

Re: UPDATE: Fed cuts rate 25bp (Oct 31)

Re: UPDATE: Fed cuts rate 25bp (Oct 31)

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