Expected: Half Point Rate Cut

Today the FED meets, and experts are expecting at least a half point rate cut to the Federal Funds Rate and to the Discount Rate.  Some say there is a 80% to 90% chance the FED will lower rates again, this after the surprise three quarter point cut last week.  The markets will react today and tomorrow based on what the FED decides to do, and by the language that they use.  We will just have to wait and see what happens to see how it will all turn out.