quote:
Despite a somewhat rosier tone in the market, traders are still anticipating that Fed Chairman Ben Bernanke will spearhead another cut, probably of 50 basis points, at the close of the FOMC's two-day meeting Wednesday.
"I think markets will paint [the Fed into] a corner," said Tom Higgins, chief economist at the Los Angeles-based investment firm Payden & Rygel. "If they don't cut again by 50 [basis points], you will see the market sell off, given what the expectations are today."
unquote
source: http://www.marketwatch.com/news/story/fed-funds-futures-pare-likelihood/story.aspx?guid=%7B65AE5528%2DFAAB%2D4E6F%2DAC5C%2D696176B75F5C%7D
Despite a somewhat rosier tone in the market, traders are still anticipating that Fed Chairman Ben Bernanke will spearhead another cut, probably of 50 basis points, at the close of the FOMC's two-day meeting Wednesday.
"I think markets will paint [the Fed into] a corner," said Tom Higgins, chief economist at the Los Angeles-based investment firm Payden & Rygel. "If they don't cut again by 50 [basis points], you will see the market sell off, given what the expectations are today."
unquote
source: http://www.marketwatch.com/news/story/fed-funds-futures-pare-likelihood/story.aspx?guid=%7B65AE5528%2DFAAB%2D4E6F%2DAC5C%2D696176B75F5C%7D