Somehow it had not occurred to me that the Fed would even consider making another rate cut during the regularly scheduled meeting. After such a drastic decrease in federal funds rate just last week, it hardly seemed that further action would be desirable right away. Is this going to set off a new era of stagflation? There's so much I don't understand here.
I suppose I can expect another slightly depressing email from HSBC any day now. They'll respond to the 50 basis point drop pretty quickly. Darn it, I have no desire to borrow money. I'd like to earn interest, not pay it.