Monday, October 27, 2008

Market awaits Fed Rate Cut

The Fed is expected to cut rates at their meeting this week as the markets are looking for help anywhere they can find it. I for one do not think it will have a big impact near term, but possible (I repeat possible) in a few months. This of course all depends on if the Banks and Financial Institutions begin to lend and we get some stability in the equity markets. Everyone I talk to is very concerned by the equity "crash" and are being more selective on where they will spend their money.

Here is a story from AOL.COM. It is a good read.


Good Luck and Good Currency Trading.



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