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Fed Rate Cut

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by Matt Cooper
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Mukasey Falling?   The Fed Cut

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Oct 30 2007 12:00am EDT

Fed Rate Cut?

Interesting piece in this morning's Wall Street Journal casting doubt on whether the Fed will cut rates this week. I kind of think they won't. They came to this summer's rate cute belatedly and under duress because of the credit crisis. Now, I think the Fed is looking at higher commodity and oil prices and a 14,000 Dow and thinking that, hey, inflation's the threat and what would be so wrong if we had some more foreclosures. I could be wrong but I think they're gonna take away the punch bowl.

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