TuriBinda
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Fed Watch: More easing is on its way
In an extraordinary statement released this afternoon, the Fed unanimously decided to cut its target range and the Interest on Excess Reserves by 50 bp in a response to recent weeks’ COVID-19 market turbulence. The statement was released on the back of a G7-meeting in which the respective finance ministers and central bank governors participated. Not since the financial crisis has the Fed cut rates in-between scheduled meetings. No measures on liquidity were taken (yet). Powell: “The economic outlook has materially changed” In the following press conference, Chair Powell said that the reason for the rate cuts ... (full story)
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- Mar 3, 2020 6:39pm Mar 3, 2020 6:39pm
- Sahir12
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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