Another Fed rate cut?

Question: Will there be another Fed rate cut? Answer: You tell me.

On the one hand, Bloomberg leads off its website today by telling us that the Fed may be able to avoid a rate cut.

On the other, Reuters reports that Fed observers are reading another rate cut as being inevitable.

I'm old enough to remember when people made careers out of watching who was standing next to the Soviet premiers as the tanks went by on parades. It seems there's a certain analogy.

The bottom line, however, is that the trend line for 5 and 10 year bonds is consistently downwards over the past few months. That plus the probability of another rate cute is good reason to think that the current credit crunch is going to ease in the near-term.

Most businesses have started making their 2008 plans. If you're going to need some kind of financing to make those plans happen, the fall will be an important time for you.