Wall Street Bets on a Rate Cut

If the market opening this morning is any indication, the financial markets are looking for a quarter percent reduction in the target federal funds interest rate to be the outcome of the Federal Open Market Committee meeting that begins tomorrow.

Link to market report:  http://today.reuters.com/news/articleinvesting.aspx?type=hotStocksNews&storyID=2007-10-29T120534Z_01_L2468810_RTRUKOC_0_US-MARKETS-STOCKS.xml

(ag) Oct. 29, 2007, in Economy/Interest Rates