The Federal Reserve ready to act

In reality, the consequences of the debacle must still be fully understood, but recent 50 basis points reduction in the discount rate to 5.75% gave some breath to the markets. Expectations are now for a rate cut by the Federal Reserve in the coming meetings. Will it happen? The Fed will give a serious look at next weeks/months markets behaviour and will be ready to act, if the decline of the indexes would not moderate. But the decision is not going to be painless, considering that inflation is far from being subdue.