re: rate cut by Feds just announced

You my friend are writing out of your arse. Duel mandate means what? Nothing. What you need to know is the fed is supposed to ensure the fed funds rate is in line with economic output. There are a couple things they can do in response to economic issues. Raise or lower rates is one. However if the fundamentals don't support that ( THE HIGHEST LEVEL THE MARKET HAS BEEN ) investors will look at the data and react. Hence the response from today. Hopefully it will stabilize but I don't have much confidence in leadership