Fed Cuts Rates by Half Percentage Point

[El OchoCinco]

Oh my God the Fed are such a bunch of pussies...market sells off on Coronavirus bullshit after many bubble years and the Fed bends over for Trump to cut rates to "save" the market.

Hope they all get bloody stools.

 

[Cuddles]

Oh my God the Fed are such a bunch of pussies...market sells off on Coronavirus bullshit after many bubble years and the Fed bends over for Trump to cut rates to "save" the market.

Hope they all get bloody stools.

And the bears kept on coming

 

[Frederick Foresight]

"The announcement repeats Jerome Powell's statement last Friday that the US economy remains strong but that the virus poses evolving risks. The vote was 10 to 0."

http://us.econoday.com/byshoweventfull.asp?fid=515635&cust=us&year=2020&lid=0&prev=/byweek.asp#top

*Sigh*

Wouldn't want the economy (read: market) to get bone spurs, eh?

 

[Spike Trader]

"The announcement repeats Jerome Powell's statement last Friday that the US economy remains strong but that the virus poses evolving risks. The vote was 10 to 0."

http://us.econoday.com/byshoweventfull.asp?fid=515635&cust=us&year=2020&lid=0&prev=/byweek.asp#top

*Sigh*

Please post a picture of a naked Emperor . . . . . .



make that a naked asshole..

 

[Frederick Foresight]

Please post a picture of a naked Emperor . . . . . .

 

[Tsing Tao]

Total absurdity. Looking forward (with grim certainty) to what happens when the market continues to crater and they run out of ammo completely. My guess is Trump starts talking about the government buying stocks (if he's not already).

What a jackass.

 

[RedDuke]

Pure madness, that whole cutting rates after some sell offs during biggest and longest bull market leaves anyone with 1/2 brain speechless.

The only thing left on the table would be for FED to start buying stocks.

 

[Tsing Tao]

Pure madness, that whole cutting rates after some sell offs during biggest and longest bull market leaves anyone with 1/2 brain speechless.

The only thing left on the table would be for FED to start buying stocks.

They could peg rates, which is probably next.

 

[Banjo]

Re: equities. It's most certainly been widely discussed, why wouldn't it have been.
https://www.zerohedge.com/markets/yellen-says-fed-should-buy-stocks-next-crisis

https://wallstreetonparade.com/2018...buy-up-stocks-in-the-next-wall-street-crisis/

ECB has been buying bonds in large caps since last year. They even helped LVMH with Tiffany.
https://www.zerohedge.com/markets/e...sition-making-frances-richest-man-even-richer

 

[RedDuke]

They could peg rates, which is probably next.

To what?