Fed Interest Rate Decision – UPDATE: NO CHANGE IN THE INTEREST RATE!

The Fed’s decision regarding the interest rate should be announced in 15 minutes – around 2:15 pm EDT.  If the Fed decides to cut the rate – because inflation easing over 2 months is “good enough” after the last 12 months of it climbing out of control – there should be riots.  I’m not joking.

As originally seen on BccList.com here, the only thing a rate cut does is screw the American consumer.  If the rate does get cut, get ready to pay $4.50+ a gallon of gas as inflation increases significantly and the value of the dollar tanks.

Update: NO CHANGE – There is a God!!!!  Oil should continue to trade lower than $92 (price as of 9/16) a barrel.  Short oil futures and big oil stocks as originally seen on BccList.com here.

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