Fed cuts rate

The Fed have cut the federal rate by 1/2% to 1%. Money is cheaper to borrow and this will entice people, the decline in oil prices to $68 as of today, this decline is due to the ecomomic crisis we are facing.
With the lowered % rate we can hope for increased consumer activities which will trigger economy activity. We will begin to see reduction in the cost of borrowing mortgages and equity loans. Unfortunately we won't see any change in credit cards %, this is because the c.c companies want a piece of the pie.
Businesses need to go out and start the train moving in the economy, borrow and hire more people,expand business and start getting investors in and rebooth this countries' economy.