The Jan fed fund future now nearly fully prices in a 75 basis point cut by the FOMC, this after the Bank of Canada cut by 75 basis points this morning.
a1's link: http://www.fxstreet.com/fundamental/analysis-reports/us-market-update/2008-12-09.html
The Jan fed fund future now nearly fully prices in a 75 basis point cut by the FOMC, this after the Bank of Canada cut by 75 basis points this morning.