Some startled by the Fed’s shock rate cutIn two cases, fear of the Coronavirus conflict has prompted the Fed to act. And in an attempt to stabilize the economy, the Federal Reserve last lowered US guidelines by 50 basis points, a level that has not been seen since the 2008 economic crisis. How he is recovering. However, the coveted came to the conclusion that a step of desperation was dying. And it is a mass sale that is one of 3 state rights on a broad front.
Trump calls for further action
“Do more, do it a little bit more. They want to be with these other possible skills … They play with their own, they play with their own values … we have the same as everyone else, we have the dollar, we have the strength, we have the other country in the world. We have to pay less. “
After yesterday’s cut, US interest rates are between 1% and 1.25%. The real danger is that the Fed will have little leeway if further rate cuts are necessary in the future. As other central banks, including the Reserve Bank of Australia, have reacted, the prospect of negative interest rates is becoming more likely.