Fed will do what at 2:15pm Wed?

[powerfade]

Quote from quantumrock:

50 bps, but market will tank because there's nothing else to look forward to.

+1

 

[trickshot]

Quote from turkeyneck:

So 50 will lead to sell off since it's baked in already?

25bps is baked in, 50 isnt. I dont think there will be a sell off if we get 50, just look at the number of ET pikers who are expecting a 25, thats a pretty good contrarian indicator.

 

[DannyBly1]

50 bp - keep adding the punch to the bowl Ben!

 

[sumosam]

I was thinking 25 but with an announcement out of Reuters, Washington this a.m. and some big pros expecting 50, I say the markets could sell off sharply if it is only 25....looks like the sentiment is calling for 50

The usd has rallied this a.m. sharply

 

[doublechin]

Quote from blackjack007:

http://www.clevelandfed.org/research/Workpaper/2005/WP0507.pdf

that uses options on ff futures, not the futures themselves.

accordingly, there's a 59% probability of a 50 bp cut and 28% probability of 25 bp cut, as of today.

Try FFIP Go on bloomberg terminal for a better look