Looking more and more like the fed won't cut rates

With recent economic news out last week, all signs point to the fed keeping rates at their current level. Oil has settled in the low sixties and prices are moderating.

Read the AP article:

http://biz.yahoo.com/ap/060920/fed_interest_rates.html?.v=5

It's like my man McManus from the Usual Suspects said...

"Falling energy prices, further weakening of the housing sector and a few tame inflation reports have put a lid on inflationary expectations for the time being," said Thomas McManus, an economist at Banc of America Securities.