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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Real Man who wrote (339838)8/5/2007 12:22:42 PM
From: Giordano Bruno  Read Replies (1) of 436258
 
Bernankes fat spread cut? Market Watch is all about a cut.

UPDATE 1-FED FOCUS-October FOMC eyed for first rate cut

On Thursday, Fed Governor Randall Kroszner repeated the central bank's contention that the subprime mess is not yet affecting the broader U.S. economy.

However, on Tuesday William Poole, president of the St. Louis Fed, acknowledged the current greater uncertainty. "The market understands, I believe, that the Fed will act in due time if and when evidence accumulates that action would be appropriate," Poole said.

"From its lowest point in May, the three-month average unemployment rate is now up 12 basis points, close to what has triggered Fed easing in the past (about 16 bps) and about one-third of what has typically signaled the onset of recession," economists at Goldman Sachs said in research note.

reuters.com
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