The Feds cut interest rate 3/4 of a point

Big news today. The Federal Reserve has cut 3/4 of a point off of interest rates to boost the American economy. It seems that looming fears of a recession in the USA has been dragging the rest of the world economy down with it. The dollar is weak next to other currencies in the world so imports are now more expensive than products made in the USA. That is a boom to manufactures that have products made in the USA for American consumers.