Federal Reserve slashes interest rates to zero as part of wide-ranging emergency intervention

Overnight said:
Why didn't they just wait until Wednesday? Good grief!
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I thought the same exact thing. Maybe Wednesday they knock rates down to negative 0.25%%%
Hahahah. More QE too, ahhhh. See how they begging propping up wallstreet. cant even give it time. They have to run in every single time to prop up the fuxking markets. This time futures are down. Guess wallstreet thinks the fed acted to quickly and maybe knowing now they have no where else to go but Negative rates.
 
comagnum said:
Unreal! I remember talking about this very thing happening over 20 years ago when rates about 8-9%, we always wondered if the Fed would ever be stupid enough to ever go to 0 or below. Look out below!

Pension funds will collapse and people loose out on what little interest they were making - for older people this can be a real big hit.
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Last year some online banks were paying over 2.5% in interest which was a huge amount compared to the whopping 0.10% people were getting in a regular savings account. Now that has entirely disappeared. you will now make absolutely nothing on your savings!!!!!!!!!!
 
So now can we please let these low interest rates trickle down where we can get a 30 year fixed mortgage rate for a cool 1.5-2% or is that too much to ask. Because a mortgage rate of anything above 3% with rates at 0% seems absolutely ridiculous.
 
I'm so tired of the commonly held belief that the Fed is panicking. THEY ARE MOVING OVERNIGHT RATES MORE INLINE WITH THE SHORT TERM US TREASURY MARKET. Powell has been behind the curve for weeks now, this finally puts rates in line. And if there's so much panic that treasuries go negative yields then Powell will have no choice but to follow that stupidity as well - an inverted yield curve isn't good for a slowing economy.
 
bh_prop said:
I'm so tired of the commonly held belief that the Fed is panicking. THEY ARE MOVING OVERNIGHT RATES MORE INLINE WITH THE SHORT TERM US TREASURY MARKET. Powell has been behind the curve for weeks now, this finally puts rates in line. And if there's so much panic that treasuries go negative yields then Powell will have no choice but to follow that stupidity as well - an inverted yield curve isn't good for a slowing economy.
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They are panicking....2 emergency rate cuts in less than a week, that's called panicking, especially bring them down over 1.5% to ZEROOOOOOO

That's called panic mode.
 
S2007S said:
They are panicking....2 emergency rate cuts in less than a week, that's called panicking, especially bring them down over 1.5% to ZEROOOOOOO

That's called panic mode.
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The panic was in the treasury market
 
S2007S said:
They are panicking....2 emergency rate cuts in less than a week, that's called panicking, especially bring them down over 1.5% to ZEROOOOOOO

That's called panic mode.
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Trump finally found boyscout Powell's bodies to hold over his head
 
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