Edward Learner, director of the UCLA Anderson Forecast, expects the Fed to make two quater-point reductons in the Fed Funds rate - currently at 5.25% - before the end of '07. However, Donald Ratajczak, economist for investment banker Morgan Keegan, expects the Fed to hold on through the end of the year. With the 10-Year treasury yield up by 50 basis points this year to 5.1%, the cost of investment funds becomes a challenge for some investors. All can change with corporate earning reports this quarter and next. Stay tuned.....