Fed Funds Futures Pricing in 100% Chance of Rate Cut Todayhttp://www.mortgagenewsdaily.com/09162008_fed_funds_futures.aspFed funds futures are now expecting a 100% chance that the Federal Reserve will cut rates at the FOMC meeting today; the question remains, however, by how much. Markets are now factoring in a 76% chance of a 25 bps rate cut and a 24% chance of a 50 bpsenCommunityServer 2008 SP2 (Build: 31106.96)