Fed Cuts Funds Rate and Discount Rate

EconomicsBriefing.com ^

[NaturalGorilla]

Federal Reserve Cut Fed Funds Rate by Half Point, to 4.75%. Discount Rate Cut Half Point, to 5.50%.

[2banana]

Say hello to inflation - say good bye to the dollar...

[rhombus]

My retirement account thanks you, oh great and powerful Fed.

[goldstategop]

Half a point. I don't see if its time for me to refinance my loan. I don't think its time to do that - if the cut were bigger, I'd go ahead.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[Mr. Jeeves]

Ouch...here comes the Weimar Republic. ;)

[Uncle Miltie]

Gold, Oil, Euro, and inflation will go up.

[MittFan08]

“if the cut were bigger, I’d go ahead.”

A 50 basis point cut is pretty big- haven’t had an increase or cut in the Federal Funds Rate that big in many years.

[griswold3]

I agree with you.
This is NOT a good thing for the value of the dollar.

[BlabItGrabIt]

The GREEEEEAAAATEST Central Bank came through like a champ!

[Froufrou]

C’mon. You know it’s because consumer spending is strong. The Fed is bound to get some pressure from retail to keep it coming, dontcha think?

[Perdogg]

I wonder if the newsmedia are going to make a big deal of the run up in stock prices for the last month as much as the doom and gloom they peddeled in mid August when the market fell 1200 points over three weeks.

[Petronski]

[abb]

I’m thinking we’re all DOOOOOOOOOOOMED. I may have a martini to celebrate.

[goldstategop]

The housing market. Its in a slump and people looking to refinance at 4% interest will save hundreds of dollars off their monthly mortgage payments. Good news for builders, good news for lenders and good news for consumers. That may be why they acted now.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[rhombus]

The media will find doom wherever they can... there’s an election coming and only Hillary’s Healthcare can save us. ;-)

[Uncle Miltie]

Can you say "inflationary expectations?"

I knew you could.

[Petronski]

[Froufrou]

Yeah, it may be time to dump our VA Hybrid...we get refi solicitations almost daily...

[Petronski]

The media will find doom wherever they can...

So will the vultures.

[BurbankKarl]

Greenspan was right....buy the Euro!