The yield curve was inverted early in the year, but positively sloped when the Fed first cut rates Sept. 18, and has steepened still now in the wake of the Fed's surprise rate cut Jan. 22.
Alan Bush, senior financial futures analyst at Archer Financial Services, said the rate cut was a slight surprise.
FORBES: FOCUS: RBA Rate Cut Doesn't Support Gold; Other Factors Influencing
Thailand may impose capital controls to stem inflows, and this week also saw a surprise rate cut from Australia's central bank amid that country's strengthening currency.
The Bank of Korea's surprise rate cut decision on Thursday indicates that South Korea, whose net exports represent nearly 60% of its gross domestic product, has joined the global currency war.
So it was no surprise when MCI cut a deal with No. 1 U.S. regional carrier Verizon, even though it was worth about a billion dollars less than what Qwest had offered.
Council tax has been cut by 2% in a surprise move by Lancashire County Council.
It is little surprise that UBS is looking to cut various parts of its fixed-income trading desk over the coming quarters.
Antipodean price action again dominated most of the boring forex range session, just like the AUD had done the previous night after the surprise Reserve Bank of Australia rate cut.
So no surprise to find AMD coveting a cut of that turf too, with this, their new living room PC reference design -- a prototype AMD hopes will be copied by manufacturers to bring AMD's Live!
ENGADGET: AMD unveils living room PC reference design: world squints in wonder
Labour said the outcome had vindicated its surprise backing for a real-terms cut in a debate in Parliament in November.
What caught me by surprise after we moved is that I felt cut off from the book business.
The financial markets were boosted by a surprise decision by the US central bank to cut the interest rate at which it lends money to commercial banks.
Penney and new CEO Ron Johnson, cut her fourth-quarter profit estimate by nearly 90%, a surprise that reflects the uncertainty around the company.
FORBES: A J.C. Penney Bull Cuts Q4 Profit Estimate By Nearly 90%; Blames Holiday And Higher Costs
Ipswich, boosted by the surprise return of captain Gareth McAuley, created the first clear-cut chance of the afternoon.
Ian Bell and Matt Prior withdrew from the process, whilst surprise veteran contenders Dominic Cork and Darren Gough failed to make the cut.
Secretary of State John Kerry, on a surprise one-day visit to Baghdad, pressed Iraqi officials Sunday to cut off the flow of Iranian arms to the Syrian government and warned that future American aid to Iraq could be at risk if it doesn't.
The Bank of England's Monetary Policy Committee cut the Bank rate by half a percentage point to 4.5% in a surprise move last Wednesday.
So its recent announcement to cut interest rates by 25 percent seemingly came out of nowhere, and was a pleasant surprise for the financial markets.
Throw in solid global economic growth that helped spur a narrower than expected U.S. trade deficit from this month, and it's no surprise that the Fed's bias is probably toward another raise, rather than a cut.
Also this week, investors were made a ware of a surprise decline in Indian industrial production which has many believing the Reserve Bank of India will cut at least one of its interest rates in the months ahead.
And it came as no surprise when the home side added a third goal after 29 minutes, when more neat passing cut open the Derby defence and full-back Wiseman opened his account for the Tykes.
"To our complete surprise, we found several red dwarf binaries with orbital periods significantly shorter than the 5-hour cut-off found for sun-like stars, something previously thought to be impossible, " the study's lead author Bas Nefs, from Leiden Observatory in the Netherlands, said in a statement.
MSN: 'Impossible' stars found in our galaxy - Technology & science - Space - Space.com | NBC News
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