O.K. Chris, you are probably right about the liklihood for the whole year but the odds of a cut on tuesday was between 7% and 12% depending on which day you looked at it, my point was that the op mentioned all the speculation pointing toward a cut that didn’t come. What will happen infuture meetings, that’s harder to tell until the data comes out that precedes the meeting. I agree with you that they will usually wait to pull that lever until they have to because there are only so many bullets in that gun, and what’s the famous line about having limited ammo, wait till you see the whites of their eyes.
