Wednesday, October 31, 2007

Is the Fed lowering the rate again?

When I got up this morning one of the first things I did was scan the headline on Apparently there is talk that the Fed will lower the rate again. I got the impression that it could happen soon. As in today or tomorrow or something.

The last time the lowered the rate it made the value of the dollar drop pretty sharply. Currently the Canadian dollar is worth more than the US dollar! What will happen if they lower the rate again?!?

I kind of hope that they don't lower it because I would like to think that I will have enough debt paid down next year to take a trip overseas. And who knows how long it will take the dollar to bounce back?

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