US Federal Reserve makes emergency interest rate cut

The US Federal Reserve has slashed interest rates in an emergency move to protect the world’s largest economy from the coronavirus outbreak, ramping up the global response as the disease spreads.

Seems to be working (Dow -976 atm)

That wont help in the current situation. This economic crisis is just at its very beginning and will effect many if not all sectors within the next 1-3 months. Some sectors like aviation, tourism and hospitality are already badly hit. The Q1 numbers will be catastrophic for all!

The Market’s response to the Fed’s .5% cut today was all... 😆 WhatILearnedToday PutThatInYourPipe CoronaVirus CoronaOutbreak FEDrate

This, like the rest, will support the stock market, not the economic - covid creates a supply problem, not demand

Why? Wouldn't you only do that for a demand side issue?

It won't help.

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