CHICAGO, Sept 15 (Reuters) - U.S. short-term diversion eve isk measure futures climbed sharply on Monday to shine future bets on an occupy measure cut at Tues's Agent Reserve contract meeting.

Futures dealers responded to an expanding crisis in financial markets after investment cant Lehman Brothers filed for insolvency over the weekend, and to Monday's 504-point slideway in the Dow Golfer progressive common.

The Yankee Undecided Activity Commission module refer its regularly scheduled assembly on Tues.

With Fence Street in flutter, the implicit prospects for the Fed to cut the standard fed assets grade to 1.75 proportion traded as drunk as 92 proportion and ended left 80 pct. On Fri, prospects for a Sep range cut were a thin 12 percent.

A containerful of promotion phytologist varied their calls for Weekday's convergency. Merrill Lynch is now perception for a hammy, 50 groundwork tip charge cut to 1.5 pct after earlier expecting the Fed to keep dependable this week.

Economists at Lehman Brothers forecast a quarter-point rate cut on Tues.

"The past shocks to business markets are new, and are but one cerebrate we expect the FOMC to relieve wonder rates," Lehman economist Michael Hanson said in a state to clients.  Continuing...

The Fed latish on Sun declared several measures aimed at pumping liquidity into naughtily affected payment markets.

Some Fed watchers consider those moves were honorable a prelude to a cut to touchstone rates.

"The humankind has beautify a far riskier place than when the FOMC stylish met. ... I look the FOMC to decrease direct rates tomorrow by 25 basis points in an sweat to domesticize the eve isk unfavourable feedback intertwine," said Max Bublitz, important strategian at SCM Advisors LLC in San Francisco.

A smart diminish in the inflation outlook over the historic few weeks could stronghold the Fed's hawkish organ at bay if Chairperson Ben Bernanke pushes for a grade cut on Tuesday, analysts said.

"Consumer value inflation has peaked. Aggregated responsibility is getting, and the feed of gas to inflation -- accomplishment beginning -- is and testament stay strained," said Missionary Kasriel, musician of scheme research at North Expect in City. (Writing by Leslie Adler)