Analysts Expect One Last Interest Rate Cut Tomorrow

Posted by Patrick O'Connor on 4/29/08 10:42 am

Most Wall Street analysts expect the Fed to trim short-term interest rates tomorrow by one quarter of one percent (0.25%).  And the majority also believes that such a cut would be the Fed’s final one in this cycle, due to ballooning commodity inflation.  In other words, Wall Street is sensing that the credit crisis is in the rearview mirror, and inflation fighting will now become the Fed’s main focus. That’s why the dollar is rallying and commodity prices are dropping today.

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