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COPYRIGHT 2006 Voxant, Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
MICHELLE CARUSO-CABRERA, CNBC ANCHOR: The wait is almost over, the Federal Reserve decides on interest rates later today. Markets are expecting a rate hike but are still undecided on whether or not it will be 25 or 50 basis points. Let`s bring in Steve Previs. He is senior V.P. of Jefferies International from -- for some analysis.
Steve, good to see you. It is amazing how things have changed because earlier this month the markets were actually pricing in a pause, and now there is even a possibility when you look at Fed Funds futures that we could get 50 basis points. What has happened that has shifted things so dramatically?
STEVE PREVIS, SENIOR VICE PRESIDENT, JEFFERIES INTERNATIONAL:...
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