Fed Cuts Interest Rate by 0.75

I happen to have the TV on CNN and they just announced another rate cut.

It seems that this time the Fed has cut interest rates by 0.75 % .

And on CNN they are saying that this will not be the last rate cut that we will see.

This is the sixth cut in the past six months too!

So, now I wonder how long it will be until ING and the others lower the rate on the high yield savings accounts. And I suspect the next headline we see will be about the value of the dollar reaching an all time low against the British pound and the Euro.