It looks like the Board of Governors of the Federal Reserve System thinks that the following two objects have finally collided.
After an emergency meeting, the Federal Reserve (FOMC), who’s been telling us that the economy is in good shape, decided to cut interest rates by it highest one-time rate cut in over twenty-years.
Note that this emergency rate cut comes (suspiciously) only after a global stock sell-off and one week before it’s normally scheduled meeting.
Anyone still think that the Fed doesn’t work for Wall Street?
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