Interest Rates

The Fed met today and dropped the interest rate more than expected!  The half percentage point drop was double of what most economists were forecasting.  This is a definite step in the right direction to pull us out of the current housing slump, but no one knows for sure how the market will react.  It will be interesting to see what happens in the following months.  Inflation is less of a concern to the Fed now that it's pressure has eased allowing them to take such an aggressive stance.