Indeed, word on The Street leading up to the announcement was 0.25 rate cute was most likely followed by a small likelihood of 0.50 cut. No surprise. I disagre

Indeed, word on The Street leading up to the announcement was 0.25 rate cute was most likely followed by a small likelihood of 0.50 cut. No surprise. I disagree, however, that rates are going to zero in the States. ZIRP/NIRP are going very badly in EU and JP and The Fed does not want to replicate that outcome. What's more likely is a long-term interest rate peg before cutting short-term rates that low.