Fed Fund Futures Go From 0 to 100 in Six Weeks

This graph is from the Wall Street Journal and shows how the stock market's losses last week may lead to lower mortgage rates. Translating the graph: The Plunge represents expectations that the Fed will lower the Fed Funds Rate. The colors represents the date of the Fed meeting at which the Fed is expected to do it. If the Fed lowers the Fed Funds Rate, it usually signals that the economy is slowing down, or that inflation is less of...