adjustment since the more massive cuts. MSNBC.com featured an AP story on its homepage about the move. This is the seventh consecutive cut and rates are at the lowest level (2%) since 2004. The small cut was expected and many Wall Street analysts think this may be the end unless the economy threatens to worsen more than expected. As I mentioned in an earlier post, the dollar is looking up. Economists David Hoffman and Bill Knapp expect the rate to hold at 2% for a few months creeping up in the later half of the year.
The story noted the central bank's "walking a tightrope, trying to jump-start economic growth while also confronting the risk that if it overdoes the credit easing it could make inflation worse down the road."
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