I do not wanted to Post this in Rumour section...but since I can not divulge the source hence : 'Feds are not going to give in to huge Further rate Cuts,though they will agree that if needed they may take such precautionary measure necessay and be ready to more rates cut in near future"..
US Mrkts will react negatively to it....Indian bourses won't be completely unaffected and so will the rest of World...This will be second correction...and after that there be good start of rally expected from Sensex..around July.