My guess is, no cut. Not in September, anyway.
Market forces seem to be taking hold on their own (e.g. BAC & Countrywide).
Hope it’s not just wishful thinking on my part, but it seems to be grounded in principle. Despite the so-called “credit crunch” there is still upward pressure on prices WW.
ECB dished out plenty euros. They are talking about raising rates.
yitbos