# Fed cuts Disc Rate :phew:

**URL:** <https://forums.speedlife.net/t/fed-cuts-disc-rate-phew/34023>\
**Category:** NYSpeed Off Topic\
**Created:** [August 17, 2007, 6:44am UTC](https://forums.speedlife.net/t/fed-cuts-disc-rate-phew/34023 "2007-08-17T06:44:46Z")\
**Posts on this page:** 1\
**Showing post:** 3

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [August 17, 2007, 7:02am UTC](https://forums.speedlife.net/t/fed-cuts-disc-rate-phew/34023/3 "2007-08-17T07:02:34Z")

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[quote=“JayS,post:2,topic:34023"”]

Yeah, I figured things were going to be going pretty good today. Between the huge gains in the last 10 minutes yesterday that almost eliminated the day’s big losses and the rate cut there was little doubt things would be up today.

[/quote]

unfortunately i fear this is going to be a ‘fix’. rally… I’ll be surprised if this rally carries through to the sept. meeting. ☹

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