The Market Digests Today’s News

Here’s a good example of the market’s reaction to today’s Fed news. I got this from the Wall Street Journal site. It shows the futures for the Fed funds rate for June 2013.

Just a few weeks ago, the market expected the Federal Reserve to have raised rates a few times within the next two years. Now it doesn’t. Note the big jump for today.

Posted by on August 9th, 2011 at 3:26 pm


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