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U.S. Federal Reserve: Another Fed rate cut this week?

Posted April 28, 2008

“If the central bank does pare short-term interest rates, it’s likely to be the last such move in awhile; the Fed will take a break and give its rate cuts a chance to work their way through the U.S. economic system.” — William Patalon

by William Patalon

Baltimore – (TFN): U.S. Federal Reserve policymakers will likely cut its key interest rate to 2.0% from 2.25% this Wednesday, which would mark the seventh such move since the central bank launched its rate-reduction campaign in mid-September.

But if the central bank does pare short-term interest rates, it’s likely to be the last such move in awhile; the Fed will take a break and give its rate cuts a chance to work their way through the U.S. economic system.

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Despite an active economic calendar schedule this week, which includes a report on first-quarter gross domestic product (GDP), and several other statistics that could confirm that the U.S. economy is entrenched in a recession, the Fed’s machinations should dominate this week’s headlines, given that the central bank’s interest-rate-setting arm is set to meet Tuesday and Wednesday.

Any announcements about interest rates will be made at 2:15 p.m. Wednesday. Experts also say that whatever the Fed says about its expectations will be just as important as what it actually does to the benchmark Federal Funds rate. Read on to learn more.

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Posted by William Patalon · Filed Under US Stocks and Markets 

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