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Wall Street optimists are forecasting another "surprise" rate cut.
By contrast, the two surprise rate cuts, made between scheduled meetings, produced big surges in stock indexes.
I got out ahead of the game with a surprise rate cut just after the first of the year.
The Fed's move on Wednesday came after an even bigger surprise rate cut of three-quarters of a percentage point on Jan . 22at a rare unscheduled meeting.
The surprise rate cuts — like the fiscal stimulus plan President Bush announced on Friday — were mainly intended to show that the powers-that-be can act decisively.
For mom-and-pop investors, the Federal Reserve's surprise rate cut and the rally in stocks were welcome news after a prolonged drought.
Similar(29)
A Surprise Rating That New England's Stephen Gostkowski was rated as the N.F.L.'s top place-kicker in the "Pro Football Prospectus 2007" must have been just as surprising to him as it was to readers.
CSM: Researchers also found that when subjects were shown photos of people crying alongside photographs where tears had been digitally removed, they (surprise, surprise) rated the tearful portraits as more sad.
European stocks fared better, lifted by the surprise interest rate cut.
The authorities have stepped in with various measures, including a surprise interest rate cut.
The continued sell-offs came after a surprise interest rate cut by the central bank at the end of June.
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