Many householders have onerous debts, and would cut spending abruptly should prices plunge.
许多居民负有繁重债务，并会削减开支以应对价格的意外暴跌。
2
The Fed cut was intended to offset the sharp tightening in credit conditions in the past two months that threatens to plunge a weakening economy into a deep recession.
美联储减息旨在缓和近两个月信贷急剧紧缩的状况，这种形势有可能拖累日渐疲弱的美国经济陷入深度衰退。
3
Still, given the convulsions that have just swept the markets—the bankruptcy of Lehman Brothers’ holding company, the bail-out of AIG and Monday’s 4% plunge in stock prices—why not cut rates?