Watch what they do, not what they say.

That's the takeaway from Wednesday's Fed rate cut announcement. (Decision Details)

What came out of the Fed Chair's lips was:

Here's the latest on Monday's default insurance bombshell...

The good news keeps rolling in.

Let's start with Tuesday's CPI marvel. Defying virtually all expectations, inflation has ducked below the Bank of Canada's 2% target—roughly a year ahead of schedule.

And while the media and StatsCan were busy celebrating 2%, the actual figure was even better at 1.95%. (Official inflation readings are rounded.)

So, about that shelter inflation problem...

The federal government must have figured home prices weren't going up fast enough because the real estate fairy just left a trio of stimulative policy changes under home buyers' pillows.