Agoracom Blog

US Federal Reserve To Announce Interest Rate Decision At 2:15 PM EST

Posted by AGORACOM at 7:14 AM on Wednesday, October 29th, 2008

Just an FYI for those that don’t already know about an impending Fed decision this afternoon.  It is widely expected to be a half-point rate cut in the Fed funds rate.  Some have been calling for a bigger cut to be made.  Goldman Sachs stated in a research note that a 75 basis point cut is a slight possibility, though not its expectation.

The Fed decision is due at 2:15 p.m. Eastern.


One Response to “US Federal Reserve To Announce Interest Rate Decision At 2:15 PM EST”

  1. coswil says:

    Have recieved an email alert from Jay Taylor, He has a inflation/deflation watch it consists of components of the real world and charted together to produce a indication of whether inflation is happening or deflation is pressuring, Anyway the alert was sent out to cover short position on Ultra Short S&P 500 ETF today (symbol SDS) as IDW has bounced and up 4.95 % sugesting a temporary bottom has hit in stocks and a rally is setting up.
    The deflation senario is still very much a force as even thought the world banks have inflated the system with great gobs of money,they have staved off the depression II but what is happening now is people and coporations and many institutions are holding onto their money and this is have the same effect as a illiquidity senario because the exchange of cash is slowing or even stopping because it is being held.{horded}
    This is why having a report of real world inflation/deflation battle is important. At the weekend Taylor’s IDW dropped 70% to date, that is extremely deflationary, to have a bounce today of 4.9% is really good news regardless of how short lived it might be, … coswil