The Fed’s Interest Rate Decision: Could Be Better/Worse

http://money.cnn.com/2008/08/05/news/economy/fed_decision/index.htm?cnn=yes

As anticipated, the fed decided to stay the course at 2%.  Regardless, oil will continue to drop in price since they’re (finally) done cutting the rate and have started hinting a hike is around the corner.

Redundant Disclaimer: This assumes nothing unforeseen happens like the bush administration waking up and deciding to attack Iran.

P.S.  Obama/mccain campaigns:  You can stop wasting money/time now since “offshore drilling’ and “energy plans” won’t be political buzz words when gas is selling for less than $3.00 a gallon in October/November.

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