The Fed’s Decision

At 2:15 we’ll find out what the Fed will do. For the first time in a while, there’s actually some drama to a Fed announcement.
According to the latest futures contracts, the market believes there’s a 21% chance of a rate hike. Personally, I’m a little baffled. It’s seems pretty obvious that the Fed needs to get rates higher. We’ll know more this afternoon.

Posted by on August 8th, 2006 at 11:04 am


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