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To: Baton who wrote (34423)5/7/2007 4:48:25 PM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
It is. The investing world is on wait for what the perky poppets (the FED / FOMC) has to say Wed.

Consensus Notes
The FOMC announcement for the May 9 FOMC policy meeting is expected to leave the fed funds rate unchanged at 5-1/4 percent. Markets will be watching for any subtle changes in the wording on the FOMC's current anti-inflation bias.

FOMC Consensus Forecast for 5/9/07 policy vote on fed funds target: unchanged at 5-1/4 percent
Range: 98% percent probability for no change, based on fed funds futures May 3 close, versus 2% for -25 bps



To: Baton who wrote (34423)5/8/2007 9:16:48 AM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
Looks like you timed it to a T, futures looking sad all morning.