Dave's computer has had a major malfunction, and we are trying to get him back in touch with the blogging world.  For now, the Fed Funds Futures after Tuesday's meeting:

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Were Dave typing, I'm sure he'd tip his virtual hat to the ever-vigilant Erkin Sahinoz for providing the estimates.

For those who want the slides: 

Download imp_pdf_slides_for_blog_121305.ppt

UPDATE: I'm back in business, at least temporarily -- and add to that tip o' the hat one to Shadya Yazback, for interrupting her law-school studies to provide this post. (Nice conspiracy theory, Jeff.)