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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.)
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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