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Strategies & Market Trends : Waiting for the big Kahuna
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To: Haim R. Branisteanu who wrote (31711)10/15/1998 10:05:00 PM
From: P.T.Burnem  Read Replies (2) of 94695
 
The 50bp move should have been done in the first place, not 30 minutes before index option expiration.

I could not agree more. Changing the funds rate just before the expiry does not pass the smell test. It's not that the Fed could not postpone the rate cut until Monday.

PTB
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