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Old 03-03-2020, 11:25 AM
ColdNoMore ColdNoMore is offline
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Originally Posted by ColdNoMore View Post
WOW, things are so rosy that The FED just slashed rates (the first since 2008) as an emergency response...to the REAL long-term outlook.

Fed cuts rates by 50 basis points amid coronavirus fears

Which currently, is having the exact opposite effect...as intended.


A lot of folks are obviously thinking, "Gee, if the FED just lowered rates in an emergency move, maybe things are even worse...than we thought."


DJIA (click here)

Quote:
Stocks fell after Federal Reserve Chair Jerome Powell delivered a press conference discussing the Fed’s emergency move to cut benchmark interest rates by 50 basis points. The Dow declined more than 1%, or 300 points.