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Will US Federal Reserve change its interest rate (of 2.25%) on Apr 29, 2008?
Homer ( Score Rank: #27 based on predictions in the last 30 days ) Homer  |  was scored on 30-Apr-2008 (215 days ago)
In March the Federal Reserve reduced its benchmark interest rate by three-quarters of a percentage point on Tuesday, to 2.25 percent, a cut that was less than investors had been hoping for even though it was one of the deepest in Fed history. That definitely ease the recession a bit. The next Fed meeting is Apr 29, 2008. Will US Federal Reserve continue to lower the interest rate this time?

Latest target rate for your reference:
http://www.bloomberg.com/...

Federal Reserve FOMC meeting schedule:
http://www.federalreserve...
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Add News / Video 1 - 4 of 39 news / videos
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2008-04-30
 
April 30 (Bloomberg) -- Canada's dollar rose the m... (more)
0 vote This is Good This is Bad
2008-04-29
A
April 29 (Bloomberg) -- The dollar rose against th... (more)
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2008-04-29
A
April 29 (Bloomberg) -- The dollar was little chan... (more)
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2008-04-28
B
April 28 (Bloomberg) -- The dollar rose to within ... (more)
Comments (9)
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  1. Arthur Arthur 215 days ago
    + 1 vote This is Good This is Bad
    answered: [ * ] Decreases below 2.25%
    (more)
    Fed trims rates by quarter point to 2%.

    The Federal Reserve chose to cut short term interest rates on Wednesday for the fourth time this year, saying it remains troubled by the economic outlook, but signaling that it now may leave rates steady for a while.
    [ reply ]
    1. goog goog 215 days ago
      0 vote This is Good This is Bad
      Good, so most of us are correct.
       
  2. Homer Homer 216 days ago
    0 vote This is Good This is Bad
    Everyone is expecting a rate cute:
    http://ap.google.com/article/ALeqM5h8...
    [ reply ]
  3. Homer Homer 216 days ago
    0 vote This is Good This is Bad
    The Fed meeting is going to end by Wed (tomorrow). We will see. This is what the market expects now:
    http://ap.google.com/article/ALeqM5hu...
    [ reply ]
  4. DAVIDRS74 DAVIDRS74 219 days ago
    + 1 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 34% ] Remains at 2.25%
    (more)
    I believe the Fed will hold interest rates at 2.25 % for this term, and observe the results, hoping that the last decrease was sufficient to slow the market downturn and sucker investors back into the market. The Dow has been doing a dance of 1000 points, up/down for the past 4 months while they manipulate the money supply, the oil flow & price and the usual hype, to take the pressure off the banks and the unmanagable derivatives market that could totally sink the banks and the economy.
    [ reply ]
  5. Wallace Wallace 236 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 74% ] Decreases below 2.25%
    (more)
    The chance of rate cut is getting higher now.
    [ reply ]
  6. banker banker 238 days ago
    0 vote This is Good This is Bad
    it's obvious recession. given the inflation is not too high, the fed will keep cutting the rate low.
    [ reply ]
  7. Guru Guru 258 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 75% ] Decreases below 2.25%
    (more)
    Man. It will go lower. Again.
    [ reply ]
    1. Guru Guru 258 days ago
      0 vote This is Good This is Bad
      Yes, continue to increase the supply of money. Print more, loan out, let the inflation go up. That's the plan.
       
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