Wednesday, October 24, 2007

That’s not going to happen, nor should it. A quarter-point cut is a closer call, though some officials don’t think it’s needed at this point.

Wall Street Wants 50, Fed May Give Zip for Now: John M. Berry

On balance, I would characterize the data we have received on the real economy since the last FOMC meeting as supporting our baseline forecast,'' Evans said.However, he did raise the question of whether policy makers might want to take out some ``insurance'' against a potentially costly possibility that even greater weakness in housing could undermine economic growth.Given what Fed officials were thinking on Sept. 18 and what has happened since, that is about the only argument that might cause the FOMC to decide to cut rates next week even by 25 basis points

Posted by chris @ 09:58 PM (580 views)
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