Will There Be Another Rate Cut Next Week?
Greg Ip says:
The Federal Reserve is likely to cut its short-term interest rate by a quarter of a percentage point next week -- but then may be ready for a breather. ... If it does cut rates, the Fed could signal in the statement accompanying the decision an inclination to pause and assess the impact of its cuts ...
And, in his most recent Fed watch, Tim Duy says:
I suspect the cessation of rate cuts is near at hand. The Fed will likely pull the trigger on another 25bp at the next FOMC meeting, and send a signal that they intend to pause soon.
Posted by Mark Thoma on Thursday, April 24, 2008 at 12:24 AM in Economics, Monetary Policy |
You can follow this conversation by subscribing to the comment feed for this post.