Investors Skeptical as Economic Numbers Point To Slowdown
Ben Bernanke and the rest of the Federal Reserve are scheduled to meet tomorrow morning, and the overall consensus is that the Fed will keep the interest rate steady at 5.25 percent. Volatility and concerns surrounding the stock markets and the consumer debt levels have several investors believing the fed should lower rates by years end. The November fed funds contract shows a 100 percent probability the central bank will cut its target rate to 5 percent by its Oct. 31 meeting, compared with 14 percent odds on July 23. Thoughts providing the general consensus include the worries over the…