Control Panel: 1987? 1998? 2008? Trend change or flash in the pan?

[MarkR]

@MarkR

Also, a fed rate cut is almost meaningless because the MARKET has already given us more than one rate cut on its own. For example, 26-week T-bills have dropped from 5.38% to 4.88% in a quarter, that’s a 1/2 point “rate cut” right there. And 52-week T-bills have similarly dropped from 5.49% last October to somewhere below 5% … auction is tomorrow, if I remember, I’ll edit the post then, or reply to it, but it almost surely will be below 5%, maybe even 4.75% for a 1/2 to 3/4 point “rate cut”.

So the 52-week auction is complete and the rate was 4.458%. So there you have it, the “market” has provided a rate cut from 5.49% last October to 4.46% today. That’s a full point of “rate cut”!!!