Rate cut rumours

[gnome]

Quote from FGBS:

Company is called Kleenex owned by Kimberly-Clark... bloomberg tickers is KMB US

Wrong... $Charmin.

 

[stock_trad3r]

I'm tired of this rate cut nonsence. The fed rate will stay at 5.25

 

[heidegger]

Quote from FGBS:

Company is called Kleenex

Good one.

 

[gnome]

Quote from heidegger:

Good one.

Where's you sense of humor? "Ass-wipe" is funnier than "nose-wipe".

 

[Rhody Trader]

Quote from Trendytrader:

I haven't heard the rumor but thy have no choice now. Credit crunch is bad....only thing is what does a rate cut do if nobody wants to hold MBSs?

Exactly!

It doesn't do jack. It's fear which has everyone piling in to Bills. A rate cut isn't going to solve that. There's only two things that will fix the credit crunch. Either the market needs to lose the fear or rates need to move up enough that they feel like the return warrants the risk.

 

[crgarcia]

Quote from FGBS:

Anyone heard anything about the rate cut rumours as Bernanke and Paulson get talking?
Apparently a large US bank has warned its customers that rates will be cut after the meeting.

Anyone else have anything to add?

Unlikely now.

However it IS very possible that the Fed lowers the discount rate 0.25%.