That is ridiculous ! US interest rates are already at 2%. Another cut would take it to near 1% !! doesn't 1% interest rate sound way too low? even 2% for that matter.
But have you realised that inspite of US interest rates being at 2%, the US inflation is not spiralling out of control. Is this because of decreased demand for goods, rapidly falling consumer spending and hence demand that prices have remained in check?
The dow jones is already trading at 9667 !