That's still too high in my opinion. I don't think they should have cut this past time.
Everyone and his grandma with a pulse is saying to keep cutting rates bla bla bla. IMO, they're idiots. Stop crying about your bad decisions that you keep taking a bath on and wake up. None of that is going to help anyone unless you want the hole to get bigger. I don't get how so many people can make this into something so difficult to understand. Between the majority of the population, the bankers, CNBC (the birthplace of idiocy), and as far as i'm concerned the dumbest people on earth: economists, it's no wonder why things have been a big whipsaw lately. and to top it all off, all everyone can do is point your freakin fingers. Get a grip on reality first. Learn something. Or don't and continue to complain and let the smart money take you like a casino.