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**riverakathy** · 10-29-2008, 01:41 AM

Originally posted by KrazyHorse
Why did the rate cut become suddenly more likely today? It probably didn't. But that doesn't matter. What matters is how the market perceives the chances...

http://biz.yahoo.com/ap/081028/fed_interest_rates.html
Fed Chairman Ben Bernanke and his colleagues opened a two-day meeting Tuesday afternoon -- their last before the November elections -- to make a fresh assessment of economic and financial conditions and decide their next move on rates. Their decision -- widely expected to be a rate reduction -- the second in two weeks -- will be announced Wednesday.

Betting on a hefty rate cut, Wall Street staged an energetic rally. The Dow Jones industrials zoomed 889.35 points, its second-largest point gain ever.

10-29-2008, 01:41 AM	#5
riverakathy Join Date Nov 2005 Posts 461 Senior Member	Originally posted by KrazyHorse Why did the rate cut become suddenly more likely today? It probably didn't. But that doesn't matter. What matters is how the market perceives the chances... http://biz.yahoo.com/ap/081028/fed_interest_rates.html Fed Chairman Ben Bernanke and his colleagues opened a two-day meeting Tuesday afternoon -- their last before the November elections -- to make a fresh assessment of economic and financial conditions and decide their next move on rates. Their decision -- widely expected to be a rate reduction -- the second in two weeks -- will be announced Wednesday. Betting on a hefty rate cut, Wall Street staged an energetic rally. The Dow Jones industrials zoomed 889.35 points, its second-largest point gain ever.
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