Fed will make another big rate cut on Tuesday 18 March
Continuing the intention of easing up the market crisis, Bernanke on Tuesday will make another rate cut. Most expect a 3/4 point cut, but analysts are starting to speculate with a whole point cut.
If Bernanke cuts less than 3/4, I would expect to see a substantial decrease on Wall Street.On the other hand, big rate cuts doesn´t help at all with the raising inflation and depreciation of the dollar, and people are beginning to understand that. Visa will go public probably on March 20 if the rate cut is substantial, to take advantage of the probable market rally. Else, JP Morgan and CitiGroup, underwriters and partial owners of the credit card company, will wait for the other week to lunch its IPO.
Posted under General Info
