Wild Pre-Fed Day: Open Thread

Monday, August 06, 2007 | 09:21 PM

Wow -- another wild and wacky day on the volatile Street of Dreams.

While no one (well, hardly anyone) expects a rate cut, many people are apparently expecting a change in Fed bias.

So? What say ye?

What is going to happen tomorrow?

Monday, August 06, 2007 | 09:21 PM | Permalink | Comments (59) | TrackBack (0)
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no rate change.

They will continue to stress their cautionary stance towards inflationary pressures while maintaining their outlook for moderate growth but with a slight change in emphasis away from a 55/45 bias towards inflationary concerns vs weakening economy to a 51/49 bias towards a slowing economy as a result of worsening credit markets and the effects of the sub-prime fallout.

Posted by: Stuart | Aug 6, 2007 9:32:10 PM

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