Wil the Fed cut rates Sept. 18?

[Presto]

Seems most of the talking heads are saying a rate cut will happen.
I want to know what the RX is saying.

 

[Presto]

50 basis points will be my guess.

 

[myboymagic]

no, I think 25, 50 would send the wrong message. A nice play on rates going down is NLY. It had a nice run recently with people probably pricing in the expected Fed cut

 

[EasyMoney]

question? what exactly does it mean when the fed either raises or cuts rates. What does it affect? Do mortgage rates go down? That would be nice because I'm about to buy my first house.

 

[desrat]

No cut, if Ben has a backbone.

Inflation, inflation, inflation!!
Numbers don't warrent one IMO.
If he gives in to the whiney WS peeps the buck crashes....

 

[desrat]

question? what exactly does it mean when the fed either raises or cuts rates. What does it affect? Do mortgage rates go down? That would be nice because I'm about to buy my first house.

As for mortgage rates; http://www.themortgagereports.com/2007/08/what-it-wont-me.html

The Fed Funds Rate is the rate that banks and other institutions lend money to each other.

 

[Hitman26]

I'm thinking 25 with strong language to keep cutting. I think 50 would be bad and would cause panic. Most people are expecting a lot of volatility right after the decision, but I think if 25 comes the market won't do too much either way. But maybe I'm just a wishful thinker.



I will be watching for sure.

 

[myboymagic]

Seems most of the talking heads are saying a rate cut will happen.
I want to know what the RX is saying.

nice call

 

[Hitman26]

Well I was dead wrong. I thought the market would have dropped on a 50 cut, but it rallied big time. The only panic was the shorts.