Wednesday, January 31, 2007

Odds are on the Fed's


This is from MarketWatch.

http://www.marketwatch.com/news/economy/economic_calendar.asp

We'll find out exactly what the Feds are going to do at 11:15 AM today.
But notice the wording?

Personally, anytime I see the words "Odds of" I'm thinking that means betting to me.

Just goes to show, you can pretty much bet on anything -
even the odds of the Feds dropping or raising rates!

So if I read this right, there's a 61% chance the Fed's are going to raise or lower rates according the MarketWatcher's?


Federal Reserve Policy Forecast

Current policyAfter FOMC
meeting on
Kellner's forecastMarketWatch
survey median
Fed Funds:
5.25%
Jan. 315.25%5.25%
March 215.50%5.25%
June 285.50%5.25%
Odds of change
from current policy

Jan. 315%4%
March 2155%34%
June 2875%61%



When the actual report comes out, I'll post a link here.

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