Traders bet the Fed will cut its rate as much as 0.75 percentage point on March 18 to avert a recession. The likelihood of a reduction to 2.25 percent was 76 percent, according to futures on the Chicago Board of Trade. The balance of bets is on a cut to 2.5 percent.
v (3/13/2008 11:28:50 AM):
|Again some Selling Pressure on Nifty Future at 4700 level for Downside 4620-4605 cmp 4685.60|
: Japanese stocks slid more than 3 percent as the dollar hit a 12-year low against the yen, with Honda Motor Corp and other exporters extending earlier losses made on growing fears of a U.S. recession
Thursday, March 13, 2008
Posted by Morgan at 11:44 AM