inmates in charge of the asylum
or "how billion-dollar crybabies dictate government economic policy"
The Fed, in weighing its move, should consider market expectations, says Stephen Stanley at RBS Greenwich Capital. The December federal-funds futures contract remained fully priced for a quarter-percentage-point cut, and showed about 40% odds for a half-percentage point cut. "They've already signaled a cut," he said. "They can't not ease."