Federal Reserve Cut Fed Funds Rate by Half Point, to 4.75%. Discount Rate Cut Half Point, to 5.25%.
Cut Fed Funds Rate by Half Point
Started by
TTHQ Staff
, Sep 18 2007 01:19 PM
7 replies to this topic
#2
rkd80
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Posted 18 September 2007 - 01:21 PM
wow my screen just had a seizure for a second...few expected that one.
“be right and sit tight”
#3
TTHQ Staff
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Posted 18 September 2007 - 01:24 PM
wow my screen just had a seizure for a second...few expected that one.
I was not one of the few, I admit. I was firmly expecting .25 cut.
#4
rkd80
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Posted 18 September 2007 - 01:29 PM
you know, me too. I think this cut is drastic and suggests that Ben is quite worried about our situation, otherwise it would be a .25.
I have a feeling this market will sell off sharply into OPEX because of this 
This is like a sugar boost, get a sugar high and them blam.
This is like a sugar boost, get a sugar high and them blam.
“be right and sit tight”
#5
Sentient Being
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Posted 18 September 2007 - 01:29 PM
Good, maybe this market can break UP and let me finally move my stops up. It's been a long wait.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#6
arbman
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Posted 18 September 2007 - 01:32 PM
It must be really bad out there... I wonder how long the rally will last.
#7
IYB
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Posted 18 September 2007 - 01:38 PM
Does anyone still believe that open market rates are determined by Fed action, rather than the other way around? 
"The inevitable march towards lower rates continues..."
"The inevitable march towards lower rates continues..."
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#8
ogm
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Posted 18 September 2007 - 01:54 PM
That was a pleasant surprize 
I was kinda hoping that they will choose the shock therapy, but didn't exactly expect them to come through.
I agree, its not the Fed that sets interest rates, its the market.
Lightened up on longs, just a little bit.
I was kinda hoping that they will choose the shock therapy, but didn't exactly expect them to come through.
I agree, its not the Fed that sets interest rates, its the market.
Lightened up on longs, just a little bit.
