Holy Cow! The Fed takes Action

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Real Estate Agent with Coral Shores Realty

Just announced -- the Federal Reserve cut the interest rate by 75 basis points this morning.  The global stock market sell off is forcing action -  this is a rare intra meeting cut.

 

IS IT ENOUGH?

TOO LITTLE TOO LATE?

 

A full point would have been better!

What do you think?

 I think we're still in for a rough year. This is a reaction and not a sound policy. With gas prices still averaging over $3 a gallon, is there any disposable income to stimulate the economy? This rate cut should only be a start to getting "cheap" money back in the market

Cary in Margate

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