No Fed Rate cut in the near future?

Today\'s FOMC adjournment brought us the expected quarter
point rate cut that was expected by many, but the
post-meeting statement created concern about inflation.

The Fed referenced the weak housing market as a
contributing factor to the change in short-term interest
rates, but also indicated that inflation remains an
issue, particu larly with the high energy and oil
prices we are currently seeing.

The move and comments leads many to believe that
the Fed will not make another rate cut in the near future.