In a bold move today, the Fed cut the interest rate .75% to 3.5 from 4.25. “Analysts said the fact that the Fed did not wait until its meeting next week to cut rates underscored the seriousness of the situation.” Many economist expect another .25 point cut during the meeting next week. This is sending a strong message that countries all over the world are getting. Many other countries and considering a rate cut as well.

Here are the top stories:

Fed Sends Signal with Deep Cut to Interest Rate

2nd UPDATE: Fed Cut Puts Focus On Early 2008 ECB Rate Cut

What the Fed Cut Means For Your Mortgage

Rate Cut signals Economy is in Real Trouble

Fed cut shows depth of concern