All Eyes On The Fed

Everyone in the markets is waiting for the Fed tomorrow. The BCA says this:

Last week was clearly one to remember in terms of the efforts made by U.S. policymakers to support the economy and unfreeze the credit markets. Still, investors will be looking for follow-through this week.

Earlier this week BCA was quite critical of the ECB.

ECB Drops The Ball

Right now the bets are for a 50 basis point cut with a good chance of 75.