by Calculated Risk on 11/26/2007 08:52:00 PM
Monday, November 26, 2007
Market Expects December Fed Rate Cut
From the Cleveland Fed: Fed Funds Rate Predictions
Click on graph for larger image.
A number of Fed presidents will be speaking this week, including Cramer's favorite Fed President William Poole on Friday.
The Fed has been saying don't expect a rate cut in December; meanwhile the market is debating the size of the cut: 25bps or 50bps.
Since the credit crunch is worsening again, I've linked to Cramer's August meltdown at the bottom of the posts.