Tuesday, Oct 30, 2007
Guess who's in control here...
Bloomberg: Bernanke reluctant to cut rates, may end up doing so anyway
Federal Reserve Chairman Ben Bernanke and his colleagues sound as if they'd prefer to just say no to an interest-rate cut this week. The financial markets may not let them.
Bernanke and his colleagues have avoided signaling they want to reduce benchmark lending rates at their Oct. 31 meeting, ever since lowering them by a larger-than-anticipated half percent in September.
Traders don't agree. They consider the chances of a rate cut this week as a cinch.
Posted by little professor @ 07:58 AM (452 views) Add Comment
1 Comment
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1. planning4acrash said...
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