It appears to be shaping up to be 50 basis points easing on March 18 and then another 50 easing on April 30. If there's a stock market meltdown along the way, then the FED may do some "surprise" moves away from the scheduled meetings. We'll see how it plays out.
As they keep cutting rates to historical lows expect more inflation, a falling dollar, and skyrocketing commodity prices.... Lowering the rates is only going to bring about more problems, the reason why we are in this credit crisis today is because of the low interest rates that greenspan set just 6 years ago....keep wishing for lower rates its only going to do worse for the economy.
forget all this rate bullshit the stunner was Benny B-52 asking banks, PUBLICALLY, to forgive some mortgage debt.. we're in fantasy land.. so your neighbor gets 50 grand lopped off and you're still paying an 8% ARM on your no-down underwater dump. yea right
I agree, get it done with even though its the worse thing in an inflationary commodities bubble environment. These cuts will be looked back on as a HUGE mistake. Lets just start another credit bubble....freegin idiots.
Let's just take interest rates to zero and let everyone borrow without having to pay interest. It will make those mortgage payments so much simpler when you just pay down the principal and don't have to worry about interest payments! Savers can go buy crude oil, gold and wheat to hedge as they will get 0% interest on their savings. This is financial comedy. Nice job Fed.
The FED is going to crush the dollar to such a point that commodity inflation will be felt everywhere. If they aren't careful, and the dollar loses its reserve status, then the USA is seriously screwed. I can't believe that they are avoiding recession at all costs. Recessions are normal, and actually serve a purpose. Ironically, a recession will hit anyway.
They have double screwed themselves. Look at the ECB, you don't see them cutting rates. IMHO, they should have just let the market crash that August day and wash out on its own....then fluff and cut rates. Personally, I am looking forward to overnight rate hikes by next year to save the USD monopoly dollar.