What a head fake
So fed doesnt cut rates. Fed Fund futures were pricing in like an 80% probability of a cut. Market craps out, snaps right back. Head fake of the year. Insane what a head fake.
So fed doesnt cut rates. Fed Fund futures were pricing in like an 80% probability of a cut. Market craps out, snaps right back. Head fake of the year. Insane what a head fake.
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Fed is playing hardball, not giving the market what they want. If they are willing to let LEH go down and refuse to help AIG, they could be trying to reverse the morally hazardous precedent they've been setting.
imo they are just saving their bullets for whatever is necessary now. if the economoy doesn't collapse without it, they probably won't do it.
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