Stock Futures Plummet Even As Fed Slashes Interest Rates To Near Zero

Dow futures dropped more than 1,000 points even as the Federal Reserve cut interest rates to zero and announced it would purchase $700 billion in government debt on Sunday in an extraordinary effort to stabilize the U.S. economy, which is still reeling from the effects of the global coronavirus pandemic.

Rates will remain near zero until the Fed is “confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals,” the Federal Open Market Committee said in a statement. The Fed also announced that it would eliminate bank reserve requirements—the amount of cash banks are required to keep on hand at any given time—beginning on March 26 and encouraged banks to use the discount window to access quick financing; both these moves are designed to make sure banks have enough cash on hand for lending to consumers and businesses alike.

theothersarahh This happened last rate cut. The market is in shambles. A bottom has not been found. President Trump needs to put us in a recession A$SAP

theothersarahh Why is the stock market even open, shut it down, people have enough to worry about.

theothersarahh IndigoOcean looks like it's going to be another wild ride tomorrow. ⬆️

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Stock Futures Plummet Even As Fed Slashes Interest Rates To Near ZeroThe Fed slashes interest rates to near zero and will buy $700 billion in bonds to shore up the economy by theothersarahh theothersarahh Save your Money! Buy Krypto! theothersarahh Or if we had a competent cabinet people wouldn't be freaking out theothersarahh But you borrow money if, say, you want to open a new restaurant, or increase the size of the one you run. You borrow to add a manufacturing line to your factory, or build a fresh server room for your online company.
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Stock Futures Slide After Fed Slashes RatesStock futures slid at the open of trading after the Federal Reserve slashed its benchmark interest rate to near zero, a sign that investors remain worried that the coronavirus will fuel a recession even with borrowing costs dropping. Limit down as expected. FED’s move was wrong. Timing was terrible. I can feel its panic even from my Ipad here 5.000 miles away! Aw. Donny will not be happy.
Source: WSJ - 🏆 98. / 63 Read more »

Fed Slashes Rates to Fight Coronavirus SlowdownBreaking: Fed cuts rates to near zero and will purchase $500 billion in Treasurys, $200 billion in mortgage-backed securities, citing economic disruptions from coronavirus Can’t go lower than 0 people, this is bad Zalim Milletler için yaşasın Corona 🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷🇹🇷 ZIRP
Source: WSJ - 🏆 98. / 63 Read more »