The Fed: Now What?

Now that the jobs numbers came in the odds of the fed cutting rates 75 basis points looks to be around 76% according to Fox News. I am currently at a loss of whether or not more fed action is going to make much of a difference or not. Hopefully it will stimulate the purchase market a bit! I don't think it's really saving too many people from foreclosure. I'm a little skeptical of Bernacke's grasp on this situation.

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