Okay, we know the FOMC ends their 2 day meeting Wednesday, and at 2:15pm, the announcement gets released.
What are they likely to do?
a) No cut at all -- 75 bps oughta hold the little bastards;
b) 1/4 point -- that makes 100bps in 8 days;
c) 50 bps -- oh yah, give it to me big boy!
4) 75 bps, just like last week -- daddy likes his sweet sweet junk -- Hmmm, thats the spot
And, what do they say:
a) The risk to the economy remains balanced between slowing growth and inflation;
b) Inflation? Trichet is mad! The risk is to growth;
c) Market turmoil is proof that the mechanical gears of finance are seizing up -- we gotta grease the cog wheels;
d) Run for your lives!