Let’s have a quick Fed recap:
-Fed Funds Futures are now pricing in a 100% chance that the Fed raises rates by a total of
50 bps by the October meeting.
-Futures place a 24% chance of a 75bps increase by October.
-Futures By the January 2009 meeting, we have a 98% chance that Fed Funds rate will be raised by a total of
100 bps to 3%.
Is the Fed likely to be raising rates in this environment? Will we see a new tightening cycle? Or, is the Fed merely jawboning in response to a more Hawkish ECB?
What say ye?
Here’s today’s earlier CNBC appearance on Market Pulse Check:
I like David Katz of Matrix Asset Advisors value approach, but we (obviously) have some sector disagreements — that’s what makes a market!
Airtime: Thurs. Jun. 12 2008 | :43:0 08 ET
A look at where this market is headed, with David Katz, Matrix Asset Advisors and Barry Ritholtz, Fusion IQ
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