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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (154421)3/15/2020 5:49:39 PM
From: bull_dozer  Respond to of 217786
 
Fed Cuts Main Interest Rate to Near Zero, to Boost Assets by $700 Billion

The Federal Reserve swept into action on Sunday in a new bid to save the U.S. economy from the fallout of the coronavirus, cutting its benchmark interest rate by a full percentage point to near zero and promising to boost its bond holdings by at least $700 billion.

The central bank also announced several other actions, including letting banks borrow from the discount window for as long as 90 days and reducing reserve requirement ratios to zero percent. In addition, the Fed united with five counterparts to ensure dollars are available around the world via swap lines.



bloomberg.com



To: bull_dozer who wrote (154421)3/16/2020 12:53:11 AM
From: TobagoJack1 Recommendation

Recommended By
Secret_Agent_Man

  Respond to of 217786
 
The squid was counting on what it knew, Fed Sunday action, and miscalculated, as the market spat at the Fed for being stingy

Must pile on moar, much moar

Cash being trashed even as everything else put to waste

Interesting set of simultaneous equations

Quite inconsiderate of Mr Market


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