The Fed was able to keep the overnight target rate at 5.25% after Friday when they stepped in three times and injected close to $40 billion of liquidity.  But is a rate cut coming? Wall Street is really listening closely to the messages that Mr. Bernanke sends out.  Was it the $38 billion injection that saved the market Friday or was it CountryWide telling Wall Street that they will be able to hold their own?

It is probably to soon to tell if a rate cut in is the near future but with the upcoming Fed meeting, we might see some action.

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