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Economy

soryang

(3,308 posts)

1. Fed cuts interest rate by 50 basis points?

Reply to elleng (Original post)

Tue Mar 3, 2020, 11:56 AM

Mar 2020

i'm missing how this helps with corona virus. I can see how it helps overexposed bankers, or corporate insiders trying to cover their losses on Wall St. In terms of the way it will help retail or travel related businesses with losses due to decreased demand or manufactures with supply chain issues escapes me.

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For information, on 'election' day: edited [View all] elleng Mar 2020 OP

Fed cuts interest rate by 50 basis points? soryang Mar 2020 #1

214p ET: S&P down 3.5%, Dow down 859 (3.2%), really shocking after a 0.50% Fed rate cut progree Mar 2020 #2