The Dow soared over 300 points today as the Fed cut interest rates more than expected-50 basis points in the fed funds rate and discount rate.   I guess this helps the economy but I'm wondering if it helps retiree's?  I'm no economist, but the yields in money markets and CD's have been pretty attractive.  If you're a conservative investor it's been easy to get over 5% in your IRA account with money market and short term CD's.  Looks like we're heading back down.