What's Next?

Fed reserve cut interest rate again and this is second cut in last 10 days. The stimulus package was approved at congress and heads it's way to senate. So all the move has been done to curb the recession. This time all are acting very fast and timely manner. Because a recession is inevitable in coming months if not a slow down. As always Fed reserve released a statement after meeting, this time something is different that they didn't confuse people with complex sentences. From the statement, "The Committee expects inflation to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully." So question is how come inflation is still an issue because we are expecting a slow down, perhaps this was added because of one member opposed the rate cut. So it is looks like we would be again on track for economic expansion, that is, positive GDP growth before fall, well before election.

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