What Happen At Futures ?????

+ 3% ?????

 

ES high 1471.50
Unreal!!!!

 

Not sure what's going on but it better be huge.

 

fed doing something on interest rates

 

Was it a rate cut? I don't have real time news. That was nuts. I was about 30 seconds away from shorting the ES :eek:

 

Fed Cuts Discount Window rate by 50 basis points.

 

Goldman says fed will reduce interest rates to 4.5% this year.

 

fed cuts discount window rate

 

http://www.federalreserve.gov/boarddocs/press/monetary/2007/20070817/default.htm

 

Thanks JayS. I knew it had to be that.