I would not be suprised if the whipsers in the hallways of the Fed becomes policy within a couple weeks. 25 to 50 basis points cut is coming.
Keep dreaming. If the Fed cut the rate, it will lose the little credibility it left. If there will be an adjustment, it will be an increase. Inflation is way too high. Please don't show me the inflations number released by the government. Show me your grocery receipts from 1 year ago and today.
The Fed can save face by holding the rates where they are for a while to save the consumers when the credit crunch spreads to that sector later on.
I was right!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hmmm. If so, they'll probably kill us in 09: http://articles.moneycentral.msn.com/Investing/JubaksJournal/TheFedIsntFoolingAnyone.aspx "Do the members of the Federal Reserve think we're stupid? Do they think we don't understand that their quick fix for the economy and the financial markets in 2008 is going to completely unravel in 2009? Do they think we can't see that they're setting up the economy and the financial markets for a replay of the bust-to-boom-to-bust cycle that followed the bursting of the stock market bubble in 2000, in which easy money created a housing bubble that has now burst? The Fed's actions of the past five months are going to lead to higher inflation or higher interest rates (and a slowing economy again) in 2009. Apparently the Fed doesn't think we can read between the paragraphs of its Jan. 30 press release and see that coming..."