Ok, Bernanke, and your point is???
Did today’s speech by the Fed Chairman fall on deaf ears, or is it just too little too late? Although he didn’t come right out with it, he hinted heavily at a possible rate cut, mentioning the ever dwindling consumer spending (well, what the hell, who has money to shop these days…we don’t even know if we’ll have jobs tomorrow for Christ’s sake) as well as the fact that “that the outlook for economic growth has worsened and that the downside risks to growth have increased” (duh) We all know the bleak outlook of the market when it closed today, so was the subtle undertone of the rate cut disregarded, or is there such pandamonium at this point that nobody notices or cares?
- Login or register to post comments
- Email this Forum topic
Tags:
Poll
WSO Employment Rate: for those of you searching for a job, have you received an offer yet?
Yes
52%
No
48%
Total votes: 105
New groups
Futures imply a 67% chance
Futures imply a 67% chance of a 50bp cut at the next meeting and 30something of 75 bp cut, so I guess it was noticed. My concern is, are we going to have ridiculous inflation if we manage to pull out of this deep dive? The markets immediately react to the Fed trying to shore up confidence, but some of these actions have their full effect after a lag. I get that they react because they see this effect down the line, I just wonder at what point are we overdoing it? I guess it is easier fighting inflation rather than deflation.