OptionSage August 15th, 2007 at 12:22 pm
From Navellier “Now that the stock market has corrected about 7- 8%, consumer confidence is likely to plunge. This should put a lot more pressure on the Fed to cut interest rates soon. The Fed cannot afford to lose the consumer. Many economists now believe the Fed will lower rates in September, and some believe it will lower them before the next scheduled meeting.”
August 15th, 2007 at 12:22 pm
From Navellier “Now that the stock market has corrected about 7- 8%, consumer confidence is likely to plunge. This should put a lot more pressure on the Fed to cut interest rates soon. The Fed cannot afford to lose the consumer. Many economists now believe the Fed will lower rates in September, and some believe it will lower them before the next scheduled meeting.”