In my novice opinion, there's one reason and one reason only that the Fed took this move, and it's the plunge in global stock markets on Monday, along with indications that the U.S. markets were set to follow suit.

Now the Fed is charged with keeping employment high and inflation low; it's not charged with protecting the capital of investors in the stock market. So this action smells a bit like panic to me, and it might also have prevented the kind of stomach-lurching selling which could conceivably have marked a market bottom. I have to say I don't like it.

Was that post long enough to get credit....short sweet and to the point!

No doubt it's going to change the waters, whether it's a ripple or a wave has yet to be seen. :-)

Colleen

I think it is not over, this was a reaction by the feds to try & equalize things and isn't done cutting.

I agree with the above comment. We still have a ways to go before we're out of the hole.

Patricia Aulson/Hampton NH Real Estate   www.patricia4realestate.com