fed to cut rates tonight, page-21

Wouldn't be surprised to see a 50 point cut today although the punters betting on a 75 point cut next week.



Bloomberg:
"Futures on the Chicago Board of Trade show traders see a 94 percent chance of a 75 basis-point cut, with remaining odds on a larger reduction. The contracts showed no chance of the bigger move a week ago.

The U.S. entered a recession in the first quarter, Deutsche Bank AG's New York-based equity strategist Binky Chadha wrote in a report dated yesterday. Royal Bank of Scotland Plc and JPMorgan Chase & Co., in separate notes, raised their forecasts for Fed interest-rate cuts next week to 75 basis points as a shrinking labor market pushes the U.S. economy into a recession. "