I read somewhere today that the FF rate is higher than the other major rates, and the conclusion was that they are sending a message to the FED come their meeting 2 weeks from now.
I still think Helicopter boy is stuck: he lowers the rate inflation goes up, he raises or even leaves it, the bulls will flee, market dives, and housing, well housing is screwed either way.
Will he stick to his Anti-inflation shtick, or will he fold to political pressure?
