Fed cuts interest rates to near zero in attempt to prop up US economy

Fed cuts interest rates to near zero in attempt to prop up US economy

The Federal Reserve Sunday cut the interest rates to a target range of 0% to 0.25%, the second time in two weeks, and launched a $700B quantitative easing program to shelter the economy from the effects of the coronavirus. Investors were, however, unimpressed with the move and US stock market futures tumbled on the news, hitting their daily down limit of 5% shortly after trading began on Monday.

pennydreadful
pennydreadful
IvoryDove
IvoryDove 1 months

Hey, when they start paying me to take a loan, I'll think about it.

John W
John W 1 months

thank God the banks will be ok, I was worried they might not get a massive bailout again. 😌

Tencent owns Spotify
Tencent owns Spotify 1 months

perfect time to end the fed

William
William 1 months

socialism for the rich.

J.R.
J.R. 1 months

Another one? That's like number 3 since 2008! Never mind the billions pumped into the so-called "repo" market.

michael
michael 1 months

so is this inflation then? that thing we screamed that socialists would do? we're not exactly printing new bills, but isn't this basically going to lead to the dollar dropping in value and increasing prices?

Meyer
Meyer 1 months

Monday's market is going to hurt...

Mozgus
Mozgus 1 months

Socialists and Capitalists only agree on one thing, and that is to perpetuate inflation. No better way to steal money than to print more and lower the value of it for those who can't print it.

Fin
Fin 1 months

Brace cause markets already down this morning....

Rational
Rational 1 months

Another wrong move. Instead of helping the economy, its going to nothing at the very least and at the worst hurt. What will they do when us peasants are gone?

William
William 1 months

covid and trump now this. the end of the republic is close at hand.

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