So what's the Fed going to do?

Discussion in 'Economics' started by The Kin, Sep 15, 2008.

What will Fed do tomorrow?

Poll closed Sep 17, 2008.

  1. Raise rates by 25 basis points to 2.25%

    1 vote(s)
    2.4%

  2. Do nothing - hawking bias

    3 vote(s)
    7.1%

  3. Do nothing - dovish bias

    7 vote(s)
    16.7%

  4. Lower by 25 bp

    11 vote(s)
    26.2%

  5. Lower by 50 bp

    14 vote(s)
    33.3%

  6. Lower by 75 bp

    2 vote(s)
    4.8%

  7. Lower by 100 bp

    3 vote(s)
    7.1%

  8. I don't Know // Jack Hershey has a very fragile ego after a lifetime of failures

    1 vote(s)
    2.4%
  1. peilthetraveler

    peilthetraveler

    Wow...im the only one that thinks they are going to raise the rate huh?

    I dont know, but it just seems to me that the gummint doesnt give a flying fig anymore about what happens to your stock prices and they know a rate cut will raise the dow 100 points or so for a few hours, but by the end of the day, banks aint passing along that savings to distressed homeowners. I do think they are more concerned about inflation and a rate raise at this point would give so much more strength to our dollar that i wouldnt be surprised if we saw the dollar at 1.35 to the euro by friday. If they cut, we just get a weak dollar again.

    I dont know...i just think the gummint is ready to slam the other currencies of the world with a rate raise.
     
    #11     Sep 16, 2008
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