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Fed Rate Cut, stay, or raise

T, V & Mr. B.T, V & Mr. B.
edited May 2007 in The Economy
Well, the CPI yoy is 2.7% on a projected 2.3% so it looks like the fed is not gonna cut rates any time soon. Any wagers?

Comments

  • EconEEconE
    Tough call...I think that BB will stand pat on interest rates at least for the next meeting.

    just my guess though fwiw.
  • T, V & Mr. B.T, V & Mr. B.
    So if the Fed lowers interest rate, the dollar will obviously go down. Already, it is doing that. How does one buy Euros or brittish pounds?
  • EconEEconE
    T, V & Mr. B. wrote:
    So if the Fed lowers interest rate, the dollar will obviously go down. Already, it is doing that. How does one buy Euros or brittish pounds?

    Dollars tanking anyways even with the rate staying pat...it's at 82.45 currently.

    Forex.com can be used for currency trading and I'm sure that there are other sites also. Getting actual "hard" currency...not sure...maybe a major international bank?

    From what I have heard some people are more inclined to go long Yen or Yuan rather than the Euro or the Pound.

    I personally have never done any currency trading so all I can say is DYODD.
  • downpaymentdownpayment
    Looks like rates stayed the same for the time being, with the "hope" they would be lowered in the future, maybe August - **HooRaah!!** , or more accurately, who knows :roll:
  • JazenJazen
    GDP grew at 1.3% for the 1st quarter of 07.
    Cut later this year.
  • mike2mike2
    The Federal Reserve left a key interest rate unchanged on Wednesday as the economy signaled that it was on track for a soft landing...

    I remember the last soft landing. Half the people I knew lost their jobs.
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