DAL LABORATORIO DEI MERCATI FINANZIARI - Ennesimo taglio della Fed!!!

Ecco la Fed in azione!!!!!! Poco fa ha provveduto a "sforbiciare" di un altro mezzo punto i tassi di riferimento Usa; ecco lo Statement con cui la Banca Centrale americana ha accompagnato la mossa di politica monetaria: "The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent.
Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information indicates a deepening of the housing contraction as well as some softening in labor markets. The Committee expects inflation to moderate in coming quarters, but it will be necessary to continue to monitor inflation developments carefully. Today's policy action, combined with those taken earlier, should help to promote moderate growth over time and to mitigate the risks to economic activity. However, downside risks to growth remain. The Committee will continue to assess the effects of financial and other developments on economic prospects and will act in a timely manner as needed to address those risks. Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Donald L. Kohn; Randall S. Kroszner; Frederic S. Mishkin; Sandra Pianalto; Charles I. Plosser; Gary H. Stern; and Kevin M. Warsh. Voting against was Richard W. Fisher, who preferred no change in the target for the federal funds rate at this meeting.
In a related action, the Board of Governors unanimously approved a 50-basis-point decrease in the discount rate to 3-1/2 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Atlanta, Chicago, St. Louis, Kansas City, and San Francisco. "

Da notare il taglio congiunto del tasso di sconto che va al 3.5%. A questo punto l'interrogativo è: come reagiranno i mercati finanziari dopo questa iniezione da cavallo?? (1.25% di tagli in pochi giorni!!!) Leggeranno il bicchiere come mezzo pieno o come mezzo vuoto?
Da sottolineare le parole dello statement dove la Fed riconosce che rimangono ulteriori rischi di rallentamento della crescita e che i mercati finanziari continuano a rimanere sotto pressione.