The Federal Reserve came through with a 50 basis point cut.  Very well done guys, except for the Dallas Regional bank President, who did not want the cut.  I hope the concern with inflation is not correct.  I still see inflation that is in check.  This rate cut should cause banks to start lending at lower rates as the prime rate is impacted, and could potentially impact mortgage rate resets.  This could lead to less deliquencies and foreclosures.