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Thread: Fed Cuts Two Key Rates By a Quarter Point

  1. 10-31-2007, 07:27 PM #1
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    Arrow Fed Cuts Two Key Rates By a Quarter Point

    http://www.cnbc.com/id/21563241
    By Reuters | 31 Oct 2007 | 02:22 PM ET
    The Federal Reserve cut the benchmark federal funds rate rate by a quarter-percentage point to 4.5 percent to buffer the economy against a housing downturn and tighter credit conditions.

    The central bank also cut the discount rate a quarter point
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python
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  2. 10-31-2007, 07:36 PM #2
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    Default Re: Fed Cuts Two Key Rates By a Quarter Point

    Bond yields pop??!!
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  3. 10-31-2007, 07:39 PM #3
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    Default Re: Fed Cuts Two Key Rates By a Quarter Point

    Quote Originally Posted by FUTURESTRADER View Post
    Bond yields pop??!!
    http://www.reuters.com/article/marke...0071031?rpc=44
    If I'm curt with you it's because time is a factor. I think fast, I talk fast and I need you guys to act fast if you wanna get out of this. So, pretty please... with sugar on top. Post the IFT!!!
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  4. 10-31-2007, 07:41 PM #4
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    Default Re: Fed Cuts Two Key Rates By a Quarter Point

    I figured the yields would have fallen. I'm missing the correlation.
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  5. 10-31-2007, 08:20 PM #5
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    Default Re: Fed Cuts Two Key Rates By a Quarter Point

    Quote Originally Posted by FUTURESTRADER View Post
    I figured the yields would have fallen. I'm missing the correlation.
    I'm with you, Futurestrader.
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  6. 10-31-2007, 08:53 PM #6
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    Default Re: Fed Cuts Two Key Rates By a Quarter Point

    Bonds are controled by the bond market - not related to the Fed short rates. Bonds are worried about the $4.15 price in crude oil as possibly inflationary.
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