Fed cuts 0.75%

The vote was 8-2 in favor of a 75pt cut with 2 votes for a smaller cut.

They emphasized slowing growth. (They choose not to cut 100pts)

They emphasized rising inflation. (They choose not to cut 50pts)

Once again, the Fed has decided to approach the problem with a wait and see attitude.
They've failed once again to aggressively address either issues.
As it is evident time after time, Ben Bernanke is set on trying to satisfy everyone and make compromises.

What to expect from here on?
1. The pre-existing trend of rising gold and oil prices, coupled with falling dollar will continue with Fed's timid approach.
2. More crises will unfold. More bank failures? Or perhaps a homebuilder this time. Who knows. But something will happen. Market will fall. And Fed will act in emergency.
3. The Fed will have less of an effect on the market. The market will go where it needs to go.

Rino Choi
Titans of Wallstreet
On-air correspondent