Changes in Attitudes- FED raises dicsount rate

Well, we've been waiting for something from the FED.   With the decision to raise the rate it charges banks to borrow money, one can assume it may leave the FED funds alone for now.  With high umemployment, the FED has been cautious about attempting to slow growth.  However, inflation is present, despite the Government's attempt to portray a modest rise when food and energy are excluded.  Uh.  .  . that's what affects the consumer more than anything.  Energy costs are up 3.6% in the past 60 days.  That's hard to ignore.

Today's Core CPI may have calmed inflation fears but not mine.  However, I am pleased the FED did something other than offer explanations for why it was doing nothing.  Well they have been taking bad loans from Fannie and Freddie onto their balance sheet but that's a whole different story.  .  .