This should come as no surprise:
WASHINGTON (Reuters) - The Federal Reserve cut interest rates by a quarter-percentage point on Wednesday to buffer the economy from a housing downturn, but suggested further rate reductions were far from a sure bet.
As some have pointed out, there isn't really a credit problem for credit worthy applicants. I'd hate ( Read more... )

Financial markets respond positively to larger than expected cuts in key rates by the Federal Reserve.
NEW YORK - A jubilant Wall Street barreled higher Wednesday (sic) after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half a percentage point. The Dow Jones industrial average surged more than 250 points after the ( Read more... )

Outside of energy inflation is clearly not a problem. This is yet another signal that the Fed should cut interest rates (while still keeping the velocity of the money supply tight).
NEW YORK (AP) - Wall Street barreled higher again Friday after the week's most anticipated economic reading indicated that inflation excluding the price of gas ( Read more... )