FED RATE just cut! I missed numbers but POTUS is happy!
I gotta see the replay of the google press release statement....
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From CNBC at 5 p.m. Eastern:
In an emergency move Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing.
The QE program will entail $500 billion worth of asset purchases entailing Treasurys and mortgage-backed securities.
0 to 0.25%. full basis point - markets should jump tomorrow unless doomsayers come out tonight with something different.
FED RATE just cut! I missed numbers but POTUS is happy!
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futures not too happy right now..