Seriously is a 0.25 cut such a surprise???
WASHINGTON (MarketWatch) -- Wall Street economists firmly expect a rate cut of a quarter of one percentage point and also engineer an even larger reduction in the discount rate when the Federal Reserve meets on Tuesday to consider its monetary policy.
The Fed is also expected to leave room for further easing by characterizing risks as tilted toward further economic slowdown.
The Fed is likely to cut the federal funds target rate to 4.25% and the discount rate to 4.5% from 5.0%.
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Seriously is a 0.25 cut such a surprise???WASHINGTON...
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