The Federal Reserve of the United States returns to trim its benchmark interest rates, after doing so on several occasions since September of last year, while the crisis continued with its development without paying attention to these efforts by the Fed, seems that it will not be very relevant to say. But a new cut in rates by the American Federal Reserve, could have this time another kind of implications that joins a set of actions with the US Treasury.UU. for, firstly, to contain the crisis in the US financial system and then begin to give boost to the economy that could declare soon, in recession. In relation to expectations about what will make the Federal Reserve the majority of market analysts discounted that the Fed will make a new cut in rates after the meeting that the reserve’s open market Committee will keep between today and tomorrow. The market expects the rate of reference interest, which is currently located at 1.50%, suffers a cut of 50 basis points to pass to be located at 1.00%. This expectation of clipping is supported by pessimism that bring economic data that they know and those who are to come to light.
It is so next Thursday, the U.S. Government disclosed preliminary estimates of economic activity during the third quarter of the year and most analysts believe that the data would show a contraction of 0.5 per cent. Subsequently, next Friday, will be to publicize data on spending and personal income, which neither arrojarian good news. This reinforces the need for this new rate cut, before the economic problems and the remoteness of inflationary pressures. Concern about the economic situation in the United States.UU. It makes for even part of the market to wait that the cut of rates that would make the Fed more than 50 basic points. The market assigns a 26% chance that the Fed decides a cut of 75 basis points.