These 7 events also caused emergency interest rate cuts from the Fed - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

The lowered rate was the first emergency cut since the financial crisis in 2008. While bond markets had been pricing in at least a quarter-point reduction in March, the timing of the cut came as a surprise — it was expected that the Fed would make a move at its next scheduled meeting, March 17-18. "The fundamentals of the US economy remain strong. However, the coronavirus poses evolving risks to economic activity," the Federal Open Market Committee The Fed added that it was "closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy."

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Snap Back After Fed MoveThe Dow Jones Industrial Average fell or 0.2% after staging its biggest one-day rally in nearly a decade Monday. The S&P 500 lost 0.4% and the Nasdaq Composite fell 0.2% So many damn bots in our markets Yup, because the world knows Trump isn't up to the task of stopping a pandemic. Pouring more and more money by the fed into the markets will end the same way it did under Reagan and GW. Time to think about investing while the market is still bouncing up and down. Buy it on a down day knowing that it will eventually go up.
Source: WSJ - 🏆 98. / 63 Read more »