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.