swag
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Mon Sep-15-08 02:28 PM
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Predict the Fed (announcement, Tues 9/16, 11:15 a.m. Pacific Time) |
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I think they'll drop a half point, though it won't do any good.
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Fresh_Start
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Mon Sep-15-08 02:29 PM
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1. I agree with the second half of your forecast |
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"it won't do any good".
I think its out of their hands at this point.
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MadHound
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Mon Sep-15-08 02:33 PM
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2. The Fed's really caught on this one |
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They really can't do anything either way. Drop the interest rate, and more inflation comes into play. Don't drop it, and credit will be a bit more expensive. The trouble is, even with lower interest rates, not many people are going to borrow money because their own personal economic situation is going down the toilet and they don't want the extra burden.
The Fed's done about all they can do, and this handcart to hell is continuing to roll on. About the only thing the Fed can do is make the situation worse, which IMHO an drop in the interest rate will do just that, make matters worse.
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DU
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Thu Apr 25th 2024, 10:14 PM
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