I can see A rate cut, down to 5%, which would be the most... But that would start the BIIIIIG fall in fixed income... INflation is going to be bad...and growth will be flat...stagflation, who knows... Anyone see grain prices lately? See what kind of effect that will have on the consumer in the next 6 months.. The president of the Federal Reserve Bank of Chicago said Friday that recent price data "have been consistent with some easing in inflation," but he reiterated that additional interest rate hikes may yet be necessary to contain inflationary pressure. They don't know what the fuck they're doing..