Asus' FREE Speech Money Club

[Renavatio]

Scary thing is that Wall Street and especially the bond market have already priced in the rate cut. If they don't cut now, mortgage rates will bounce back into the mid-6's which would be a gut punch to housing. I think the Street is trying to back the FOMC into a corner. I expect a .25% cut tomorrow with some very gentle concerns given about inflation. Greenspans remarks from the weekend have already impacted bond pricing. Bernanke is cut from a different cloth though. He'll mention inflation but more softly than Greenspan. Fed cuts rates by .25% and mortgage pricing remains unchanged from high 5's to low 6%'s...that's my WAG.