Yesterday, we asked readers what they thought the Fed would do with the Fed Funds Rate at the FOMC meeting today versus what they wanted the Fed to do. As shown below, the leading response for what they thought the Fed would do was a cut of 50 bps to 3.00%. A cut of 25 bps ranked second, and a cut of 75 bps ranked third.
When asked what they wanted the Fed to do, however, there was not nearly as much agreement. Surprisingly, the response that got the most votes was for the Fed to leave rates the same at 3.50%. While 41% of respondents think the Fed will cut 50 bps, only 19% want them to cut by 50 (ranked 3rd). These responses suggest that whatever the Fed does today, there will be quite a few people that will be unhappy.
Subscribe to Bespoke Premium today.
i buy and sell a little property! if i can't pay for it i sell it. i would not buy a house if i could not pay the 20% down which some of these mtg companies don't require just to get people in them, sec of housing , hoiday homes and assoc housing in our county and state are rediculous.....let them move in, trash it and then leave.. let the mtg company pay for it.
Posted by: carole brown | January 30, 2008 at 07:48 PM