Fed cuts interest rate by 1/2%

[java]

Well I didn't see that coming!

 

[happygirl]

The other interest cut worked so well

 

[MarkBarbieri]

It was a 0.5% cut, not 1/5%. It was also coordinated with other central banks. I'm afraid that it is a symbolic gesture. When banks can't or won't lend, the interest rate doesn't mean much. Look at Japan in the 90's.

 

[java]

The other interest cut worked so well

Now that's not happy happygirl!
I agree but at least it's something. (sad that we're following the rest of the world with this move instead of leading it but I'll take it)
Yikes and thanks Mark I can't type to save my life.

I am just hopeful that those that are looking for loans(not us thankfully) will be able to get one at an affordable rate. Assuming of course that their bank isn't going under.
I'm trying to be a glass half full girl.