Quote:
Originally Posted by Kevy Baby
Are you surprised by this?
So far, the stock market isn't too thrilled with it. The Dow was hovering around the opening price all morning, but dropped right after the announcement. Currently residing at down 165 points (13,561.69).
|
I'm not surprised by turning a year older on my birthday, but I celebrate it none the less.
I am disappointed it wasn't a half point cut, but I didn't realistically expect they'd be that bold. I think if they were going to make any bold moves it would be after the holidays when it's more likely to have an impact, but as things stand, my guess is they'll stick to quarter point cuts for the next meeting or two.