Interest Rate Roundup

Thursday, November 29, 2007

Quick thoughts on Bernanke's comments tonight

Federal Reserve Chairman Ben Bernanke gave a speech tonight in North Carolina. The 100 words or less version/translation of the econo-speak: We're probably going to cut rates on December 11 because the credit markets stink, housing stinks, and consumer spending is starting to stink. The only thing that could stop us is a decent/strong November employment report (which comes out Dec. 7). Have a good evening.


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