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[amibroker] OT: Fed to cut rates below 1% soon ?



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Hello,

Did you see this daily effective FED rate chart:
http://www.newyorkfed.org/charts/ff/

Usually effective rate follows closely target rate (currently at 1.5%)

In recent days effective FED rate dropped below 1%.

It looks to me that FED is going to be walking in footsteps of Japan central bank in '90s.

Now EBC funds still at 3.75% ?  They are going to cut fast, much faster than FED, IMHO.  
If situation evolves in that direction we are going to see EURUSD = 1.0 soon
and probably Japanese Yen remaining the strongest currency for months to come.

Any thoughts?

Best regards,
Tomasz Janeczko
amibroker.com

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