Fed Cuts Rate 0.75% and Stocks Swing - New York Times

SURPRISE!! I confess I thought I was still asleep when I heard this news on the radio this morning. And then I thought the announcer had misspoken. But no, it was 75 basis points. Wow.Fed Cuts Rate 0.75% and Stocks Swing - New York Times: "The Fed’s policy-making group, known as the Federal Open Market Committee, lowered its target for the federal funds rate, which regulates overnight loans