BREAKING FED CUTS INTEREST RATES…HALF A PERCENT!

Developing…

The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent. The Committee is closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy.

READ  Interest rates cannot rise with massive debt load. Dollar bear market must continue or equities will suffer. Perfect backdrop for gold and Bitcoin
READ  Low Rates and Limited Liability Mean Hot Markets

www.federalreserve.gov/newsevents/pressreleases/monetary20200303a.htm

UFS

16 views