The Federal Reserve slashed a key interest rate by a half a point (most experts were expecting a quatere point reduction).
Listening to the market watch, one expert pointed this out and stated that this was a claar statement from the Federal Reserve, that they are willing to step in and make more adjustments, should it prove necessary.
Said same analyst also stated that although it assists short term loans, it will not really help current mortages.
I'm curious to hear what everyone thinks about all of this and what they expect to see will happen as a result of the rate cut.
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