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Loriyacht,

Excellent observation.  I believe you are quite right, and also that this would be the correct action for the FED.  The year just started, and we have a lot of Q4 results to digest...they can only cut so far, and save the ability for another emergency cut, or a larger regular cut in the future.  It would be very unwise for them to use their "reserve" ability to deliver substantial cuts at this time.  I Hope at least one member of the FED Board of Governors reads this post.

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