The Federal Reserve, the European Central Bank and several other central banks slashed key lending rates by one half of a point today in a coordinated effort to ease the global credit crisis. The move comes after a continued global stock slump with U.S. stocks ending the day yesterday down by 508 points. Economists are predicting possible additional rate cuts with the Fed indicating they are ready to move again whenever warranted. Treasuries and mortgage bonds are rallying and mortgages rates look to improve again today. Currently the DJIA is up over 100 points after starting the day in the red again. All eyes are on the stock market.