Comments on: BetFair predicts: US Federal Funds Rate = 5% http://www.midasoracle.org/2007/09/18/betfair-predicts-us-federal-funds-rate-5/ Prediction Markets + Market Predictions = Collective Forecasting That Pays Off Sun, 21 Mar 2010 17:48:51 -0400 hourly 1 By: Niall O'Connor http://www.midasoracle.org/2007/09/18/betfair-predicts-us-federal-funds-rate-5/#comment-16219 Niall O'Connor Tue, 18 Sep 2007 18:55:56 +0000 http://www.midasoracle.org/2007/09/18/betfair-predicts-us-federal-funds-rate-5/#comment-16219 "The US Federal Reserve cut interest rates by 50 basis points on Tuesday, in an aggressive move designed to head off the risk of a sharp slowdown in economic growth that could culminate in recession. The deeper-than-expected cut to 4.75 per cent followed weeks of turmoil in financial markets and mounting investor concern over the economic fallout from problems arising from the US subprime mortgage industry." Amazing - inflationary pressures remain with crude at almost record levels, and they feel able to cut this much...no wonder the markets are looking so surprised. This is one big bad gamble... “The US Federal Reserve cut interest rates by 50 basis points on Tuesday, in an aggressive move designed to head off the risk of a sharp slowdown in economic growth that could culminate in recession.

The deeper-than-expected cut to 4.75 per cent followed weeks of turmoil in financial markets and mounting investor concern over the economic fallout from problems arising from the US subprime mortgage industry.”

Amazing – inflationary pressures remain with crude at almost record levels, and they feel able to cut this much…no wonder the markets are looking so surprised. This is one big bad gamble…

]]> By: Niall O'Connor http://www.midasoracle.org/2007/09/18/betfair-predicts-us-federal-funds-rate-5/#comment-16218 Niall O'Connor Tue, 18 Sep 2007 18:51:28 +0000 http://www.midasoracle.org/2007/09/18/betfair-predicts-us-federal-funds-rate-5/#comment-16218 Ooops - Wrong. Ooops – Wrong.

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