2008-09-12 — cnn.com
While the Federal Reserve is widely expected to once again hold a key interest rate at 2% when it meets on Tuesday, there is a growing sense that the Fed may have to cut rates by the end of the year.
If the Fed does so, it would mark a dramatic change in the central bank's assessment of the economy. As recently as the Fed's last meeting in August, Fed members indicated that their next move would be to hike rates at some undetermined point in the future in order to fight inflation.
What freaking good would that do? The only thing "helping" now is "laundering" facilities like the TAF... interest rates are already ungodly low. Perhaps someone really wants to re-incite the commodity crackup-boom.
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