Instant view: Fed cuts rates to buffer economy from coronavirus

- The Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in an emergency move to help shore up the U.S. economy amid the rapidly accelerating global coronavirus pandemic.

“Cutting rates to zero, launching $700 billion in QE, and opening swap lines in coordination with other major central banks are important steps toward smoothing the market dislocations that are putting the global economy at risk.”

Won’t help. Does anyone think Americans will go in a spending spree cuz of lower interest rates? Even fiscal stimulus won’t help cuz consumers are too afraid to go out & spend. Plus, with US debt already too high, Trump’s ruined America’s future. Joe’s a go; Trump’s a dump

It already didn't work.

Fed hates retirees , props up upper class with this move, midfle class working man & women during this crisis are not looking for home loans or car loans, they need cash flow, cut rstes on payday and title loans, wake up fed.

Fed cuts rates because they and trump are morons.

Bet. It wont work

Thanks for that, I am gonna get fucking roasted tomorrow

Never mind the debt bubble.

19k Dow by Friday ppl

Spoiler alert....unless rate cuts act as a COVID-19 vaccine, its probably not going to work.

Lowering interest rates will not kill the coronavirus, but it may increase food and drug prices. It could be even worse. Fluctuations in stock prices leave the market to decide. People have only once life, the Fed needs to focus more on saving lives. COVID19 coronavirususa

Reuters always late...

THANK YOU FOR LOWERING INTEREST RATES! Now where do I get toilet paper?

So. Much. Winning.

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