Fed predictions?

[bsrsharma]

Canadian dollar hits 47-year high

The Canadian dollar reached on Monday a 47-year high versus the US greenback, gaining on the US currency’s recent weakness, as well as soaring demand for oil and other natural resources. At 1500 GMT, the American dollar was worth only 95.47 Canadian dollars, while the loonie, a sobriquet given to the Canadian dollar, was being traded for 1.0474 US dollars.

According to the Bank of Canada, the loonie had last seen such heights in March 1960.

Analysts noted that all major currencies were increasing in value against the US dollar in anticipation of an interest rate cut by the US Federal Reserve on Wednesday………

http://www.breitbart.com/article.php?id=071029182359.o074k8pl&show_article=1

[kewp]

I’ll vote for another cut.

[kewp]

I’ll vote for another cut.

[kewp]

I’ll vote for another cut.

[patientlywaiting]

bsrsharma, your post are always very timely and very informative. Thanks for posting.

[patientlywaiting]

bsrsharma, your post are always very timely and very informative. Thanks for posting.

[patientlywaiting]

bsrsharma, your post are always very timely and very informative. Thanks for posting.

[Duck]

I’ll go with Bill Gross’s outlook which is rate cuts until we get to 3.5% or a real short rate of 1%.

[Duck]

I’ll go with Bill Gross’s outlook which is rate cuts until we get to 3.5% or a real short rate of 1%.

[Duck]

I’ll go with Bill Gross’s outlook which is rate cuts until we get to 3.5% or a real short rate of 1%.

[HereWeGo]

Looks like either a 1/4 point cut or a hold at this point.

link

I don’t see the huge rout postulated by the bulls if the Fed holds. Sure, there will be a pullback, but probably no more than 200 pts, if that.

[HereWeGo]

Looks like either a 1/4 point cut or a hold at this point.

link

I don’t see the huge rout postulated by the bulls if the Fed holds. Sure, there will be a pullback, but probably no more than 200 pts, if that.

[HereWeGo]

Looks like either a 1/4 point cut or a hold at this point.

link

I don’t see the huge rout postulated by the bulls if the Fed holds. Sure, there will be a pullback, but probably no more than 200 pts, if that.

[cr]

Still waiting to hear the results of the meeting, but with the 3.9% GROWTH last quarter, stocks relatively stable in the last few weeks (up today), oil at $94/barrel, the dollar at the lowest point in years, and unemployment still relatively low how can they justify the need for a cut now? If anything, doesn’t this qualify as a reason to raise rates and pull the dollar out of the toilet?

Does the FED care more about the value of the dollar or the investors on wall street?

[cr]

Still waiting to hear the results of the meeting, but with the 3.9% GROWTH last quarter, stocks relatively stable in the last few weeks (up today), oil at $94/barrel, the dollar at the lowest point in years, and unemployment still relatively low how can they justify the need for a cut now? If anything, doesn’t this qualify as a reason to raise rates and pull the dollar out of the toilet?

Does the FED care more about the value of the dollar or the investors on wall street?

[Author]

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