Exactly 12 months ago, West Texas Intermediate crude oil was trading at just under $63 a barrel.

U.S. Federal Reserve policymakers will likely cut its key interest rate to 2.0% from 2.25% this, which would mark the seventh such move since the central bank launched its rate-reduction campaign in mid-September.

The U.S. Energy Department said earlier this week that it expects average monthly gasoline prices to peak at $3.60 a gallon this spring, since the high prices will serve to curb demand.

Has the market hit bottom? This is the question that market timers and traders have been asking themselves since the beginning of the year. Federal Reserve loans and rate cuts lead to market rallies. But every Fed-inspired rally is followed by the relentless selling of stocks.

Airbus Lands in Hot Water; Ford Fishtails in March; Microsoft Won’t Raise Yahoo Bid; SCA Sues Merrill Lynch; Big Oil Brought Before Congress; $10.9 Billion Blackstone Real Estate Fund; Gold Prices Sink; Indonesia’s Inflation Soars