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.