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Chances of Aggressive Fed Cut in March Jump
Topics:Interest Rates | Inflation | Ben Bernanke | Employment | Consumers | Federal Reserve | Federal Budget (U.S.) | Economy (Global) | Economy (U.S.)
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The chance of an aggressive 75 basis points cut in the Federal Reserve's benchmark interest rate shot up to 62 percent on Friday, as U.S. equity futures pointed to a lower open and Treasury prices surged.
U.S. fed funds futures had reflected only about a 30 percent implied chance on Thursday.
Copyright 2008 Reuters. Click for restrictions.
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