94% probability of cutting rate to 0.25% on the next FOMC

The implied probability, using Fed Funds futures, of a rate cut to 0.25% is now at 94%, down from yesterday’s 98%. Economist forecasts, however, see the rate at 0.50%.

Click to enlargeSource: Bloomberg via DailyFX
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Sources :

DailyFX: Federal Reserve Has 94% Chance of Cutting to 0.25%, December 11, 2008 03:16:52 GMT

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