Friday, August 3, 2007

FED FOCUS-October FOMC being eyed for first rate cut

(Reuters) - Following a report on Friday that showed U.S. non-farm
payrolls expanded by a slim 92,000 workers last month, the
implied chances of an October rate cut, shown in interest rate
futures, hit almost 75 percent, the highest in three months.




Futures prices also show about a 50-percent chance the Fed
will cut rates twice by year-end.


Read more at Reuters.com Bonds News

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