Markets View Rate Cut a Done Deal
By Kristina Zurla Landgraf • Oct 29th, 2008 • Category: Broker Commentary, Market UpdatesFinancial markets are in wait-and-see mode ahead of this afternoon’s conclusion of the Federal Open Market Committee meeting. A decision on interest rates is expected at 1:15 p.m. CT. Based upon the October 28 market close, CME Group’s 30-Day Federal Funds futures contract is currently pricing in a 100 percent probability that the [...]
