FOMC Preview

Guys, The Fed is widely to cut rates by 25 bp and provide an update on their outlook for the US economy and their monetary policy. Ok, inflation pressures and ongoing increases in food, energy and crude oil prices will keep the Fed from further rates cut. There is even a slight chance that the Fed holds rates steady at this point but I do not buy that. The easing to date should be sufficient to support the economy going forward. There will be a fireworks show, but I'm too sleepy and tired to wait for it. Ciao..