Futures Say 98% Chance of 0.75% Rate Cut

From Bloomberg:

The U.S. dollar has declined against 14 of the world’s 16 most-actively traded currencies this year on bets the Federal Reserve will continue to cut interest rates to avert a recession. Futures show traders see a 98 percent chance the Fed will lower its target rate 0.75 percentage point to 2.25 percent on March 18. The balance of bets is on a half-point cut.

Posted by Eddy Elfenbein on March 7th, 2008 at 12:17 pm

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