日本語
Español
中文
Русский 
- New York 00:15
- London 05:15
- Barcelona 06:15
- Tokyo 14:15
- Sydney 16:15
5
0
USA: Fed pulls all the plugs
Wed, Dec 17 2008, 09:17 GMT
by Peter Possing Andersen, Signe Roed-Frederiksen
Overview: The Fed went all the way yesterday night with the Federal Open Market Committee (FOMC) de-ciding to lower the fed funds rate from 1.00% to between 0% and 0.25%. The Fed’s decision to target a range for the fed funds rate probably reflects difficulties experienced by the central bank in maintaining the actual rate close to its target at the same time as the monetary base is exploding. We expected such a move with economic data in recent weeks dreadful, inflation falling fast and the Fed having already shown its willingness to act aggressively. However, with markets only discounting a 12% probability of a cut to below 25bp the decision fuelled a rally in treasuries and further flattening of the curve while equi-ties also rallied significantly.
Published on Wed, Dec 17 2008, 09:19 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
Forex Market Alerts - USD/JPY, USD/CHF Flows - DPM Kan to keep close contact with BoJ; EUR/CHF eye SNB by FXMarketAlerts
Tue, Nov 24 2009, 03:13 GMT
Daily Forex Outlook - Gold Leads Fresh Rally by Easy Forex
Tue, Nov 24 2009, 03:03 GMT
Forex Technical Report - S&P Finishes Higher but Erases Most Day-Session Gains by ForexHound.com
Tue, Nov 24 2009, 00:57 GMT
Forex Technical Report - U.S. Dollar Reverses Early Session Weakness by ForexHound.com
Tue, Nov 24 2009, 00:55 GMT
Daily Forex Strategy Briefing - EUR/USD at Crossroad by CMS Forex
Tue, Nov 24 2009, 00:36 GMT
fed, eurusd, interestrate, fomc, gbpusd, usdjpy
View AllRelated content
Forex: USD/JPY below 90.00
FXstreet.com | Tue, Nov 24 2009, 03:40 GMT
EURUSD: Buyers under 1.4940
Forex Live | Tue, Nov 24 2009, 03:10 GMT
Forex: GBP/USD below 1.6600 as pound rally over
FXstreet.com | Tue, Nov 24 2009, 02:12 GMT
Yen crosses sold into Tokyo fix
Forex Live | Tue, Nov 24 2009, 01:10 GMT
Forex: EUR/USD rises as dollar weakens on housing news
FXstreet.com | Tue, Nov 24 2009, 01:08 GMT
fed, eurusd, interestrate, fomc, gbpusd, usdjpy
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.