"Fed fund futures are now pricing in an inter-meeting rate cut within the next week by the Federal Reserve, according to Merrill Lynch analyst Joseph Shatz".
COMMENT: This interest rate cut, if passed would calm the subprime original markets somewhat: resetting private mortgages rates due shortly.
That is one part of the whole. The main part is the credit liquidity and countries are injecting cash to overcome that.
The whole would create more inflation but that would need to be accepted in these difficult times.
If both measures occur, then that would be positive for markets, IM HO.
Wait and see!
Gerry
us: rate cut perhaps
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Last
$60.90 |
Change
-0.470(0.77%) |
Mkt cap ! $11.80B | |||
| Open | High | Low | Value | Volume |
| $61.08 | $61.08 | $60.58 | $14.59M | 239.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $60.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.92 | 16584 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |