U.S. stocks and government bond yields slid Tuesday after the Federal Reserve’s interest-rate cut failed to assuage money managers fearful of the economic fallout from the coronavirus epidemic.
Markets were volatile after the Fed’s announcement. Stocks initially shot higher, propelling the Dow Jones Industrial Average up more than 300 points. But within 15 minutes, stocks’ initial gains gave way to jerky up-and-down trading action—with the blue-chip average and Treasury yields tumbling after Fed Chair Jerome Powell acknowledged...
The market has the Feds on the ropes.
Panicky rate cuts sow panic
This is why my pug gets bacon, to keep those pork bellies from going belly up.
So who’s fault are the Republicans going to say this is? Because good things are always their doing and bad things are always someone else’s fault
Maybe they shouldn’t listen to trump next time
Not sure that’s ever happened before. Complete fail.
Trump fails again
Stocks went up yesterday in anticipation of the cut. Today the cut happened and reality set in.
Im so fuckin paranoid i need to quit or somethin i dont know anymore
Trump: I'm ordering a halt of the StockMarket. So it can't fall any further. But that's not Capitalism. That's Socialism. Trump: I don't care. The tanking stockmarket is going to destroy my economy & I'll go to jail if I don't get re-elected. But that's fascism. Trump: Do it
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Source: WSJ - 🏆 98. / 63 Read more »