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Old 09-05-2007, 10:21 PM
brian's Avatar
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Default Will the Fed drop interest rates this 18th?

A lot of suggestions from the markets that the Fed will seek to reduce interest rates in order to help the credit markets.

However, Bernanke has already made the point that inflation is the fed's key aim, and that it shouldn't be the fed's responsibility to address financial mismanagement in the private sector, as government regulation is the responsible agent there.

With that in mind, I'd be tempted to bet on no rate rise on the 18th.
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