Yet another Fed rate cut is expected tomorrow. While some think that 50 basis points will be the magic number, others feel that 25 points is much more likely. But in either case, the continued efforts to save the economy with a Fed rate cut will likely affect you, whether it is an influence on mortgage rates, forex trading or the stock market. First Business reports on the Fed rate cut:

Yesterday’s big news was the Fed rate cut. The practical optimists were thinking that a cut of about 25 basis points would be in order. The Fed rate cut satisfied all but the most gung-ho of bulls with a 50 basis point cut. So, how will this Fed rate cut affect the markets? And more importantly, how will it affect you?
Fed rate cut and the stock market
Yesterday saw the single biggest gain by the Dow in close on five years. Stocks are going ballistic right now, with investors thrilled by the Fed rate cut. Why? Because now money costs less. …read more