what day do they announce the rate cut?

Discussion in 'Trading' started by peilthetraveler, Mar 6, 2008.

  1. Anyone know what day they announce the rate cut?
  2. Bowgett


  3. Could be any day now. They seem to drop a rate cut on the market based on any old thing these days. I'm surprised they didn't lower rates when that guy blew 142m in wheat last week.

    Oh wait, I forgot, it takes at least a 7 billion loss from a rogue trader to justify a unscheduled rate cut from the Fed. But he/she can be any nationality including French or otherwise, so look out.