Will FED cut on September 18 ?

I think FED will prefer to hold back and try to perfom open market operations. The market has been surviving so far with these open market operations.

If FED was thinking that the market was at peril, they would have already cut. They really don't need to wait for Sept 18 ..do they ?

The immediate cut of discount rate by 0.50 was the first signal that FED wanted to hold back on rates. On that very day market turned around.

If they cut, as many expect it will be very poor on FEDs part...a sudden jump in stocks...but overall the downward slide in markets will start. I would guess the FED is more concerned about the market