Rate cut on Halloween

[Show-me]

What do you think?

 

[Birchtree]

600 homes already toasted in California and probably more to burn. The Fed will do a repeat similar to the last cut. And probably another 25 basis at the end of December. They are data dependent and the data dictates.

 

[350zCommTech]

I voted .50% cut.

 

[Show-me]

Alright, we got hot, cold, and just right. Come on people cast those votes!!!

 

[nnuut]

.25%

 

[Show-me]

For the record I thing B52 painted himself in a corner with the .50% cut and won't do a thing while they "look at the data".

 

[350zCommTech]

For the record I thing B52 painted himself in a corner with the .50% cut and won't do a thing while they "look at the data".

You might be right for Holloween, but I made that same mistake in Sept. thinking that they will only cut .25% because of inflation, the falling dollar, oil, etc....

What I should have been thinking was what does Wall Street want them to do?

IMHO, a .25% is baked in, but they will probably go above and beyond again.

 

[The Great Pumpkin]

You might be right for Holloween, but I made that same mistake in Sept. thinking that they will only cut .25% because of inflation, the falling dollar, oil, etc....

What I should have been thinking was what does Wall Street want them to do?

IMHO, a .25% is baked in, but they will probably go above and beyond again.

For what it's worth 350Z I agree. I too feel that Wall street will dictate the .5 cut. I think (In my synicisimicisim) that this is not just a market economy but an economy sometimes dictated by the market. There are political concerns for this administration as well that may put pressure to bear for a high cut to keep the mood high through Christmas.

My 2 cents (borrowed against the last 3 -FV's)

 

[Show-me]

Looks like the .25% is the big leader.

 

[Show-me]

Holy crap Batman!!! Look at those numbers!

 

[EW_ret]

0.25 cut tomarrow, Friday 10/26, and 0.25 cut for trick or treat.

 

[nnuut]

yep, they will fly that .25% in on Halloween Special delivery!!
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[Show-me]

bump Vote, vote, vote!!!

 

[budnipper1]

bump Vote, vote, vote!!!

I voted "no cut", but I really don't have a clue.

And nnuut...that's the UGLIEST witch I've ever seen!!!
GET THAT HAG AWAY FROM HERE!!!

 

[Show-me]

bump Vote, vote, vote!!!

Bump

 

[Show-me]

One more bump. Vote, vote, vote.

 

[Show-me]

Thanks for voting folks, now for the big day. :nuts:

I think the .25% rate cut is baked in and if that is all we get the market will sell off. A .50% is more of a long shot and will rock the market. No cut is going to, of course, make the market sell off.

Good luck and thanks again.