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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (22940)	9/23/2009 3:00:58 PM
From: DebtBomb	Read Replies (2) \| Respond to of 71477

Fed futures cut rate-hike chances after FOMC By Deborah Levine NEW YORK (MarketWatch) -- Interest-rate futures on Wednesday indicated traders pared bets that the Federal Reserve will raise its target overnight borrowing cost for banks, known as the federal funds rate, by next spring after policy makers said economic activity has picked up. The Federal Open Market Committee reiterated it expects economic conditions to "warrant exceptionally low levels of the federal funds rate for an extended period." The January contract indicates traders expect the fed-funds rate to remain at the current range of zero to a quarter of a percent through that month. Futures for April show traders expect the benchmark rate to be about 0.35% by then. Before the statement was released, April futures priced in rates of 0.39%. The Fed typically changes rates in 0.25-point increments, but futures contracts settle at the average rate fed funds traded at for the month. marketwatch.com