Occam's Rule: Sometimes the truth is so simple that even as it stares us in the face we are blind to it.Posted by James Zellmer at September 20, 2007 2:08 PM | Subscribe to this site via RSS:The Federal Reserve cut its Fed Funds benchmark rate by 50 bp to 4.75%, more than most analysts' expectations. Already there have been trillions of pixels written to explain why, but none that I have seen follow the time-honored Occam or KISS principle (Keep It Simple, Stupid).
Here is a chart that explains the FRB's move; for the non-professional there is an explanation after it.
