Fed fund futures point to emergency rate cut in November

Discussion in 'Economics' started by bond tr4der, Nov 3, 2008.

  1. ...or the Fed just ain't gonna enforce its effective fed fund rate this month.

    Futures are pricing in 100% chance of 25 bps cut and 89%+ of 50 bps cut during this month.

    Huge move today.

    Futures are also pricing in we will forgo a December cut if this emergency action takes place in November. Makes sense since we're pretty much at zero anyway.
  2. EDIT nvm.....