The case for a rate cut:
-The global credit system still needs help
-Problems in the housing and real-estate industries are spreading into the broader economy
-The broader economy is slowing down
-Lenders need time to understand how bad their problems are
Why the Feds shouldn't cut rates:
-It would bail out the stupid's :)
-It would boost inflation
-The U.S. economy isn't that weak
-Some financial pain is necessary
For an in depth view of each point, check out the MSN money article
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