[Alizain]

Bernanke's testimony in Capitol Hill before Senate Banking Committee will overshadow other events today. Markets are looking for an updated view on the health of the economy as well as the financial markets as well as on clues to Fed's next move. Markets are pricing around over 30% chance that Fed will cut rates by 75bps in Mar and over 60% chance for a 50bps cut. Such expectation could change if Bernanke either sounds more or less concern on the risk of recession.


Hmmm.. US Recession , will it go long, cause election will be happen on 2009 ?