A full point cut, from 3 to 2%. That to me would scare the bejeebers out of me because it signals that the bottom is falling out of everything.
With that said, it might be better than doing things piecemeal.
Heck, the dollar has probably already tanked on anticipation of the cut.
There is no way to prop up the dollar, unless offshore interests dont stop dumping it/them..
The good news is maybe we can fill Chinese Walmarts with cheap american made products, preferably painted with lead paint.
I always thought Greenspan kept the rate too high, applying the brakes constantly.
That said, a full 1 pt cut after the previous cuts is a little unnerving, but I hope I can re-fi my mortgage.