Fed Rate Cut 0.25% for the first time since 2008 now what?

[Jeffrey Burke Long]

Ok the Fed just stated they cut the rate 0.25% for a range of 2-2.25% now what?

This hasn't happen since 2008. Good and bad? rate down home going up?

[Jay Hinrichs]

Originally posted by @Tom S.:

@Jeffrey Burke Long  All of my commercial mortgage loans that adjust with prime will decrease.  Not by much, probably $25 per mortgage but it does add up.  I'm happy with the decrease after the 9 previous increases!

probably does not affect 95% of the BP community.  However those of us with commercial short term bank loans 

IE construction etc that tie to prime we just got a little break.  but for bigger short term credit if for nothing else a confidence booster