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Yesterday Ben Bernanke and crew lowered the target Federal Funds rate by .50%.
While this was reported as a surprise by many, futures trading prior to the cut indicated a 100% certainty of at least a .25% cut and the effective Federal Funds rate had been waffling around a .25% cut for nearly six weeks.
Neither futures [...]

Translation: It’s Talk Like a Pirate Day at the Federal Reserve.
Would you believe that today is International Talk Like A Pirate Day? You can read about it in Wikipedia and see it in action at pirate.oodle.com.
Using the trusty English-to-Pirate translator, I’ve translated yesterday’s Federal Open Market Committee statement into pirate speak.
What a waste of time…
The [...]