Wednesday, October 31, 2007

Interest Rate Cut

The Federal Reserve cut the rate by a quarter of a point today, bringing it down to 4.5%. This is great for the home market, which has been having trouble recently, but also has the potential to increase inflation. The dollar now currently sits lower at 1 Canadian Dollar = .94737 U.S. Dollars according to The interesting thing is that even though everybody is saying that the housing market slowing will affect other industries, so far it hasn't. I've heard that all of this work by the Feds is just delaying the inevitable. I'm hoping we can fix it, but not sure how much pain it will take to get there.

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