cob= close of business..haven't seen to many internal memos huh? just kidding..
25 basis market goes down 50 and up. I think they will do 25 unless they have some prelim employment numbers that are bad. Todays reports just muddy the water. Consumers are sour and in a pinch.
.25 or Nothing :missingte What the numbers reveal.
Ben has had to keep injecting liquidity to try and keep his target from last Tuesday. Over 60B in the slosh fund... :WTF: Can he manage it if he needs to keep 100b in it to maintain a target of 3.25 lower? I don't think so.:think2:
But he is swayed easily by the crack whores on Wall street so we will probably see .50; and the Bond guys will punish him for it. Watch the yield on 10 yrs afterwards. Oh and another cliff dive by the $ !