Fed Rate Cut: Too Little, Too Late?

Asian markets had been getting pummeled for 2 days coming into this morning. Our futures were pointing to a very weak open for stocks here in the U.S. The the Fed announced that they were cutting the fed funds rate by 75 basis points to 3.50%.The Fed said that the cut was needed due to a "weakening economic outlook and increasing downside risks to growth"? Well, duh. But we knew all this last week, so why wait until now.The answer of course, is that the Fed wanted to head off a true panic in the markets. But they still show that th[...]

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[Source: The Money Blogs]