Released on: October 13, 2008, 6:32 pm

Press Release Author: Paul Richards

Industry: Financial

Press Release Summary: "Watling Financial" - Deepening financial crisis may force
Fed Funds rate cut.

Press Release Body: European-based wealth manager, "Watling Financial" believe the
Federal Reserve may be forced to cut the Fed Funds rate to address increasing
turmoil in global markets.

The rate currently stands at 2% and any cut may be the last bullet available to the
US central bank which has pumped more than $1 trillion of short-term funds into the
moribund banking system.

"Watling Financial" are thought to believe that although chairman Bernanke is
reluctant to cut rates further, the actions of the Reserve Bank of Australia, which
cut its benchmark rate by 100 basis points, may have heightened expectations that
the Federal Reserve will follow suit.

A source close to "Watling Financial" said that recent Labor Department figures
showing that unemployment levels in the US were at 6.1% had added to recent clamor
for the cost of borrowing to fall to boost the economy.



Web Site: http://www.watlingfinancial.com

Contact Details: paul@to-day.net

To Day News
22 Liverpool Street, Broadgate
London
England
EC2M