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After failing to pass a bill geared at kick starting the financial system in the United States on Monday, market participants are looking for help from central bankers in the form of rate cuts and a return of the failed bill as early as Thursday. According to traders, an early morning rally in stocks...
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As Republicans and Democrats battle over details of the bailout package, Fed funds futures are pricing in a 68% chance of a 25 bps cut and a 32% chance of a 50 bps cut for the next Federal Reserve meeting scheduled for October 29. Led by Roy Blunt, House Republicans have agreed to return to the negotiating...