Dennis Lucey

Expect a 1% Cut From the Fed

Even at .75% the market celebrates.

It's funny that the Fed sees inflation risks cooling later in the year. I'm not going to predict prices over that short a horizon, but in the long run continued worldwide demand for raw materials and commodities is going to push prices up for many items. The fact that the Fed continues to take steps to dilute the value of the U.S. dollar will only exacerbate price pressures here.