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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (82275)7/28/2007 12:44:31 AM
From: Live2SailRead Replies (1) of 306849
 
I'm sure this is subject to change, but...

Tony Crescenzi
Rate Cut Odds Jump
7/27/2007 4:15 PM EDT
With this late drop in stocks, the bond market is now priced for 100% odds of a Fed rate cut at year's end, the first time it has been priced as such since May 2. A week ago, the odds were put at 36%.

The earliest that the market sees a cut is at the Oct. 31 FOMC meeting, three meetings from the present time, placing rate cut odds at 62%, up from 16% last week.
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