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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Bid Buster who wrote (354430)1/22/2008 6:04:44 PM
From: Real Man  Read Replies (2) of 436258
 
25 priced in. <g> Did you say gold to da moon?

The FOMC said it took this action "in view of a weakening of
the economic outlook and increasing downside risks to
growth." The statement added that, "Appreciable downside
risks to growth remain." The latter statement fed the
market's belief that there will be another substantive rate
cut at the Jan. 29-30 FOMC meeting. Currently, the fed funds
futures market is pricing in a 76% probability that the fed
funds rate will be cut to 3.00% next week.
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