Fancypants Posted May 9, 2007 Share Posted May 9, 2007 I am Jack's complete lack of surprise Quote Link to comment Share on other sites More sharing options...
WSG Posted May 9, 2007 Share Posted May 9, 2007 Fed holds at 5.25% http://www.bloomberg.com/apps/news?pid=206...&refer=home Quote Link to comment Share on other sites More sharing options...
Pluto Posted May 9, 2007 Share Posted May 9, 2007 Fed holds at 5.25%http://www.bloomberg.com/apps/news?pid=206...&refer=home The Federal Reserver are trapped. They can't raise or lower. Their only hope is Euro and Sterling both hold or lower, giving them the cover to lower their rates without a flight out of the dollar. Interesting to see if BoE do raise - I am 50/50 on a hold/raise 1/4%. Quote Link to comment Share on other sites More sharing options...
Guest d23 Posted May 9, 2007 Share Posted May 9, 2007 The Federal Reserver are trapped. They can't raise or lower. Their only hope is Euro and Sterling both hold or lower, giving them the cover to lower their rates without a flight out of the dollar. Interesting to see if BoE do raise - I am 50/50 on a hold/raise 1/4%. do you think the dollar can expect another kicking tomorrow if theres a .25 raise? Quote Link to comment Share on other sites More sharing options...
Pluto Posted May 9, 2007 Share Posted May 9, 2007 (edited) do you think the dollar can expect another kicking tomorrow if theres a .25 raise? No, it is already priced in. May even drop. If they hold, sterling will be taken to the woodshed and chopped up. Edited May 9, 2007 by Pluto Quote Link to comment Share on other sites More sharing options...
Charlie Don't Surf Posted May 9, 2007 Share Posted May 9, 2007 And guess what - the Dow headed to another new high! Well, what do you expect, it's the best news since the sub-prime fiasco wasn't quite as bad as it could have been! Quote Link to comment Share on other sites More sharing options...
Sebastian Posted May 9, 2007 Share Posted May 9, 2007 No, it is already priced in. May even drop. If they hold, sterling will be taken to the woodshed and chopped up. Sterling will fall after the announcement of a 0.25% rise. It may spike up briefly and then fall back. Many traders are in the market only until tomorrow. I expect to see GBP fall to 1.98 before the end of the week and probably to 1.9650 next week, especially as the Fed has put off any prospect of a near-term rate reduction in the US. No change in the rate will see sterling lose 2 cents immediately, while a 0.5% rise will have the most unpredictable impact for sterling. Quote Link to comment Share on other sites More sharing options...
refusnik Posted May 9, 2007 Share Posted May 9, 2007 I am Jack's complete lack of surprise Bloodshot eyes... Tough times! Quote Link to comment Share on other sites More sharing options...
SJJ Posted May 9, 2007 Share Posted May 9, 2007 The first rule of HPC.co.uk is - you do not talk about HPC.co.uk. Quote Link to comment Share on other sites More sharing options...
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