Fed Funds Rate Cut 50 bps to 1.0%

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Congress

calculatedrisk.blogspot.com - 10/29/2008

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FOMC statement: The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent. The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures. Business equipment spending and ...

federalreserve.gov - 10/29/2008

FRB: Press Release--FOMC statement--October 29, 2008

— federalreserve.gov — Release Date: October 29, 2008 For immediate release The Federal Open Market Committee decided today to lower... its target for the federal funds rate 50 basis points to 1 percent. The pace of economic activity appears to have slowed markedly, owing ... (more) FRB: Press Release--FOMC statement--October 29, 2008

Congress

U.S. Army

Elizabeth Anne Barth

Richard Wanda

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calculatedrisk.blogspot.com - 10/26/2008

Fed Funds Rate Cut

— calculatedrisk.blogspot.com — How much will the Fed reduce the Fed Funds rate on Wednesday? And does it matter? First,... here are the latest Fed Fund probabilities from the Cleveland Fed. Click on graph for larger image in new window. Market participants expect a 50 bps rate cut to 1.0%, however there is some expectation ... (more) Fed Funds Rate Cut