Though the worst of the credit crisis seems to have passed, the outlook for interest rate expectations continues to deteriorate. Fed Fund futures this morning priced in a 48 percent chance of a quarter percent rate cut at the October 29th policy meeting. Looking out to the December meeting, expectations worsen. Futures traders see a 49 percent probability that the benchmark rate will be at 1.75 percent and 15 percent chance that it will be 50 basis points off the current level. This shifting sentiment has no doubt guided the dollar on its massive reversal. Now we look ot the Treasury Secretary Paulson and Fed Governor Ben Bernanke’s testimony to see if there are any cues for rate changes (as an additional relief or hinderance to inflation and growth after the financial crisis crested) in the near future.