Re: Official - Will The Fed Cut Rates? on 9/18 Discussion
I said hold steady but the correct answer is probably a 0.25% cut.
I said hold steady becaue I interpret (perhaps wrongly) the surge in discount window lending reported last night as a sign the FED's emergency discount window rate cut on August 17th is accomplishing the objectives the FED wanted.
Of course, one can easily make the argument that if banks are using the discount window, then there's still turmoil in the money markets that requires additional stimulus.
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