The market is expecting the Fed to cut its key interest rate by a quarter-percentage point next week and then signal that it is finished cutting rates for the time being. However, I think the best action would be to leave the interest rate unchanged. This would help deter some of the rampant speculation that has been driving commodities to record levels.

I am suprised that I am the first person to post this. For those that don't know, the Federal Reserve, met late last night and slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely.