It seems that the market wants to see a .50% cut in the Fed Funds Rate. Hmmmm...what if they only get .25% or nothing?
High gold/oil/commodity prices are putting pressure on one side just as the insolvency/credit bubble/mortgage/housing meltdown puts pressure on the other.
It's also important to note that any cut will take time to work through the financial system. Insiders will also be looking to see what the "statement bias" is. This gives signals on future moves by the Fed.
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Disclaimer: This blog is not a substitute for an investment adviser and is not to be taken as investment advice. You are fully responsible for your investment decisions. Please find a qualified investment adviser.
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