Tuesday, Nov 20, 2007
It would be hard to imagine a worse moment for the Federal Reserve and the market to collide over an interest rate cut
ft.com: Fed and markets squaring up for rate-cut showdown
It would be hard to imagine a worse moment for the Federal Reserve and the market to collide over an interest rate cut that the market wants and expects, but the US central bank is not prepared to deliver. Yet the risks of such a collision appear to be increasing by the day.
Peter Hooper, chief economist at Deutsche Bank Securities, says the Fed and the markets are locked in an "increasingly rigid standoff" over the likelihood of an interest rate cut at the next Fed policy meeting in December.
Posted by chris @ 06:07 AM (144 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.