Shearson Financial Network (fka SHSNQ)

[emulwa]

Did you notice that the Fed held interest rates constant in the last two meetings? I would not be surprised if they lowered the rates by 1/4 of a basis point in order to hold the housing industry in check. The overal economy and inflation is under control already from the few rate hikes we had. The next step was to keep these rates unchanged so as to observe the effect on the housing sector, which they did. Now that the Fed has noticed that the slow-down continues in the housing sector, they might lower the rates by 1/4 points and everything will be in balance.