Flat Is Back: The Chicago Board of Trade'​s (​CBOT) 30-​Day Federal Funds Futures table is indicating very low odds of a Federal Reserve interest rate cut in 2007. (​Take 100 minus the close to get the expected FFF level for that month, then divide the difference from the current rate by 0.​25 to get the percent odds of a move.) Futures now indicate a less than 1 in 4 chance of any cut through November 2007.

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