Just about everyone thinks the Federal Reserve will cut its benchmark interest rate again today. The rate is now as low as it’s been in three years. If the Fed fund futures traders are right possibly today’s cut will take us down all the way to 1%, the lowest level since 2003. Some, however, are calling for the Fed to bring the fed funds rate all the way down to zero. Others say that this is all just theatre anyway, since the Fed doesn’t seem to be targeting rates at all these days.
We’re going to settle this the old fashioned way, with a reader poll predicting the result.
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