Rate watchers await the Federal Reserve decision Wednesday on the future direction of interest rates. Traders expect a one half to full point cut. Mortgage rates rose Tuesday in anticipation of the cut. Mortgage rates are not tied to the Federal Reserve.
Gas sold for as low as $2.29 a gallon cash only today in Milwaukee. An encouraging sign. Also encouraging was the 889 rise in the DOW yesterday, the second largest one day gain ever.
A new President will be picked November 4th and take office in January 2009. Lots of change is happening and will continue. The only constant is change.
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