For information, on 'election' day: edited [View all]

[elleng]

Last edited Tue Mar 3, 2020, 05:05 PM - Edit history (1)

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11:40 a.m.

U.S. Stocks Whipsaw After the Fed Cuts Rates: Live Markets Updates

'U.S. stocks rallied immediately after the Fed said it would cut interest rates, but those gains then faded.

The Fed cuts interest rates.
The Federal Reserve slashed interest rates by half a point on Tuesday as fears about the economic fallout of the coronavirus mounted.

“The coronavirus poses evolving risks to economic activity,” the Fed said in a statement. “In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate.”

The move underlines what a fraught moment economic policymakers in the United States and around the world currently face. While they can bolster confidence and help to keep borrowing cheap, there are questions about how effective rate cuts will ultimately be in counteracting the virus fallout. Central banks cannot keep disease from spreading, prevent workers from losing hours at work, or mend broken supply chains amid factory delays.'>>>

https://www.nytimes.com/2020/03/03/business/stock-market-today.html?

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11:55 a.m.


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2:50 p.m.


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