Friday, February 01, 2008

Headed to 2%

Last year, on December 3, this blog said we were going to see a 2% Federal Funds Rate. And we're moving quickly to that point. Get this, after a 1.25% drop in eight days, and before the latest dismal employment figures, here are the Fed Funds Probabilities for the March meeting, as of the end of January:

2.5% is in the lead, with a near-50% estimated probability.


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