Daily Archives: March 27, 2006

NUMBER CRUNCHING TO PASS THE TIME

Until tomorrow afternoon, debate over whether the Fed will or won’t raise interest rates again, and whether the decision is warranted, promises to dominate conversations on Wall Street. We don’t have any special insight into what’s coming, but it’s clear that Mr. Market is anticipating another 25-basis-point rise to 4.75% in Fed funds tomorrow. That, at least, is the message coming from the April contract on Fed funds.

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