Will there be any FED Rate Cut on 30th Jan 2008?

Posted on January 29, 2008
Filed Under Forex News |

With hours to go before the next FOMC meeting on 30th Jan, everyone in the global financial market is waiting for US Federal Reserve official Interest Rate announcement.

All the players are guessing and speculating whether FED will continue to cut its Interest Rate further or put it on hold.

With the latest cut of three-quarters of a percentage point last week, the key short-term interest rate now stands at 3.5%. Ultimately, whether the Interest Rate remains the same, lower by 25 basis points or 50 basis points will be Bernanke and gang decision. Many analysts are saying that the cut will only be a quarter of a percentage point but the futures market is pricing a greater half percentage cut. If the equity market does not get its 50 basis points cut, it will tank. If there is no cut, it will basically mean disaster. For the currency market, regardless of who is right or wrong, one thing for sure – market volatility.

As I’m not really a big fan of news trading, I will be staying sideline for now till the entire dust settle before resume trading. To all readers like myself, let’s relax and enjoy another hilarious Dance video…..

Cheers, Kampai, Proscht^^!!

Comments

7 Responses to “Will there be any FED Rate Cut on 30th Jan 2008?”

  1. john on January 30th, 2008 2:10 am

    I like your posts, very informative. The video is really funny. Keep it up.

  2. Jack Payne on January 30th, 2008 2:45 am

    Do you think this horse race is heading into the stretch yet? Euro chases dollar. Euro catches dollar. Euro passes dollar. Do you think the dollar has any chance at all, or does gold passing the $900 mark spell doom?

    After the huge Fed cut just a few weeks back, it’s hard to visualize one over a quarter so soon, don’t you think?

  3. KarmaJokes on January 30th, 2008 4:15 pm

    Hey here. I like the site, very organized and informative. Thanks for the look at my blog.

  4. nurul on January 30th, 2008 6:02 pm

    Hello there. Im not into Forex (yet!) but i found that the posts are very informative with nice layout. Keep up! Thanks for viewing my blog.

  5. Judi on January 30th, 2008 6:23 pm

    Hey Forex… thanks for stopping by my site and dropping a comment… I had to look up the meaning of forex - the trading of nations currencies.. I hope you do very well. I imagine you’ll at least learn a lot. Your site is very nice in layout, very clean and easy on the eye.. easy to navigate and I was easily able to find a few things I was looking for (like your About Me page). Take care and Good Luck! Now, I’m off to add you to my friends on BlogCatalog. ;)

  6. Aayush on January 31st, 2008 1:51 am

    The recent fed cut helped the Indian markets bounce back from a terrible fall. Lets hope this cut helps further. Nice blog..informative.

  7. mee mOe on January 31st, 2008 4:28 pm

    I wish I understood a lot of this, its confusing to me….

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