"Pride always comes before destruction...." -Proverbs 16:18
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Fed Likely to Consider Half-Point Move If and When It Cuts Rates
Financial markets have gotten used to the Federal Reserve adjusting its benchmark interest rate in small increments. They might want to be ready for a change. While no move is expected as officials gather this week, economists and investors generally agree the Fed is going to cut rates this year. The last two times the Fed began an easing cycle, in 2001 and 2007, it opted for a half-percent move over a quarter point adjustment. If and when the Federal Open Market Committee decides to ease again this year, its members will seriously contemplate doing the same. Here are the arguments for and against: For: Surprise, ... (full story)
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