Trump mentioned over the weekend he was looking for the Fed to do something...
make of this what you will...
Fed’s James Bullard says rate cuts possible only if coronavirus turns into pandemic
Market had a huge reaction . We will see if it holds. It was selling prior to the announcement
Fire up the Printing Presses, get them greenbacks flowing, the bigger the debt the better...
Better late than never
(2X)
The cut brings the funds rate more in line with the market. The Fed was manipulating rates to be above the market for way too long.
Time to refi
Well that went over the market like a lead balloon.