We're just going to say straight off the bat that we have no idea what the Federal Reserve will do with interest rates this morning. The futures markets seems to be certain we'll get a rate cut, and this morning's inflation numbers certainly give them some room for a cut. But well-connected market watchers are saying that the Fed plans to hold rates steady. Perhaps the most likely result is no change in rates but a change in the accompanying statement signaling a willingness to cut.
By now you know how we like to figure these things out. After the jump, a DealBreaker reader poll predicting what will happen.
Posted by guest , Sep 16, 2008 9:20AM
Typo first sentence 'due'.
Also... too long didnt read.
Posted by John Carney , Sep 16, 2008 9:32AM
Too long, didn't edit.
Posted by guest , Sep 16, 2008 9:34AM
God that would be hilarious if they raised rates.
Posted by guest , Sep 16, 2008 9:51AM
@3, haha!
Posted by guest , Sep 16, 2008 10:01AM
Better Poll.
The Hold Steady is way over-rated.
Yes
No
Maybe
Posted by CNote , Sep 16, 2008 10:04AM
That's me with the "Raise Rates" vote.
I'm hoping a conversation takes place that goes like this: "Raise the rates? Did you ride the short bus in today? If you can find me even ONE person thinks it's a good idea, we'll do it."
Posted by Rex Bannister , Sep 16, 2008 10:23AM
eh, what the hell. raise rates just to see how fucked up shit gets.
Posted by guest , Sep 16, 2008 10:29AM
raising rates will get us to the capitulation stage that will wash out all of the weak holders and set the stage for the next great bull market.
I'm calling a hold steady, followed by a panic from equity holders (the Fed won't bail us out!) and the crash continues.
This morning is your last chance to get out before armageddon.
Posted by guest , Sep 16, 2008 10:51AM
Fed will cut rates, done. Anyone who says different knows nothing.
Posted by diablo , Sep 16, 2008 11:11AM
Aren't the fed futures betting on a cut? Vote with the futures or you are going to get ridiculed by Carney, again.