How does Federal Rate Cut Impact My Finances.

I have been watching my 401(k) fluctuate and day by day I was very curious to learn about the U.S. Financial Market and how it impacts average person's financial life. So, I spent sometime today to understand and learn more about the Federal Rate Cut process. Here's some of the articles that I found interesting.

Will Today's Big Interest Rate Cut Do the Trick?

...... The Federal Reserve's cut of a half-percentage point in interest rates today, following close on the heels of last week's three-quarters of a point reduction, probably won't keep the economy out of negative territory this quarter.....

..... It generally takes six to 12 months for the full impact of rate cuts to work through lending and spending channels. So, most of the impact from the Fed's cuts won't show up until the second half of this year. That's also when the package of tax breaks now being hammered out in Congress should begin to boost consumer and ...

What the Fed's move means

The practical effect of the Fed's move is that business and some consumer loans will be cheaper as rates that move with bank prime rates move lower. The rate cut confirms a downward trend in interest rates since last summer.
Futures trading suggests a 60% chance the Fed could move rates lower again in March.

I learned about how the Stock and Bond funds react to Federal Rate Cut. I'm 27 yrs old and still have aggressive attitude to invest in 401(k). I had good returns last year, but my portfolio is getting big hits this year. I'm reading lots of articles on how to Diversify the portfolio, but I want to invest majority in Stocks. Lets see how the market reacts tomorrow, I see the Futures are priced less.