2007-10-05 18:30:30 · 4 answers · asked by NICK . 2 in Business & Finance ➔ Investing
My guess - There will be another 25bps rate cut.
Employement is weak, some larger companies have announced layoffs, real estate is going to continue to slide, and the impacts of the decline in housing starts is just starting to ripple through the economy.
2007-10-05 18:40:10 · answer #1 · answered by Gatsby216 7 · 0⤊ 0⤋
Don't count on it. We are headed for a recession, especially if we go to war with Iran. Our country cannot afford another war. According to both Alan Greenspan and Mario Cuomo, the next war could set us back for decades. If it did drop, it would be a done just in time for the election, then go back up. It would be done as a political ploy, rather than something for the people to benefit from. So No. It won't.
2007-10-06 01:41:41 · answer #2 · answered by cruisepuppy7452a 5 · 0⤊ 0⤋
no the last rate cut has stimulated the economy enough for the FED to hold rates constant for a while. The fed funds rate wont be changed for a while though the discount rate might decrease by quarter percent early next year
2007-10-06 01:40:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Watch CNBC for updates. They talk about it all the time.
1 of three things will happen this month. 1/4% drop, 1/2% drop or no drop at all.
2007-10-06 01:34:51 · answer #4 · answered by ssweeps 3 · 0⤊ 0⤋