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Short Week: Stock and bond markets will close for Good Friday.
Rate Cut: The Federal Reserve is expected to cut its target interest rate Tuesday, possibly to as low as 2.25% from the current 3%.
Going Public: Visa may raise around $16 billion, a record, in its initial public offering of stock.
Wall Street Pain: Goldman Sachs, Lehman Brothers, Morgan Stanley and Bear Stearns are all expected to post big losses. Bear Stearns shares plunged Friday after the firm got emergency loans from JPMorgan Chase and the Federal Reserve Bank of New York.
WaMu Watch: Washington Mutual may accept an offer this week from a large U.K. hedge fund to pump new capital into the mortgage lender.
Originally posted by OBE1
At Friday's close, the Fed Funds Futures, April contract, settled +0.1600 on the flat CPI data. Pricing: 100% chance for 75bp...46% odds of 100bp.
At this point I'm calling 75%...but there's a world of hurt out there tomorrow.
Ditto The Mogambo; WE'RE FREAKIN' DOOMED!
Originally posted by themillersdaughter
You folks know a whoooole lot more than I do about economics.
At the risk of being off topic...any suggestions for getting us out of the hole we're in? Even crazy, wild, never gonna happen theories?
Are we already experiencing 'stagflation"?
Late Friday, U.S. interest rate futures implied traders are placing a 60 percent chance that the Fed would lower the benchmark short-term target rate 100-basis-points by Tuesday.