Dow Jones - The decision to cut the Fed funds rate by only 25 (basis points) and not 50 (basis points) is perfectly understandable. Macro data, and in particular, the all-important labor data, has just not been bad enough to warrant more. But financial markets may look at the 25 (basis-point) cut in the discount rate and wonder, if markets are deteriorating as the Fed clearly agrees they are, then why did they not deliver more?