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 […]
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Fed Cuts Rates, Market Drops
Think you got it figured out yet? Right..
After climbing all week based on the expectation of the Federal Reserve cutting rates, the stock markets dropped like a rock today after the Fed did exactly what was expected. They cut the federal funds rate to 4.25 percent from 4.50 percent and also cut the discount rate […]