March 15th, 2020

2009

Federal Reserve cuts Interest rates to 0%

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https://finance.yahoo.com/news/federal-reserve-cuts-rates-to-zero-restarts-quantitative-easing-qe-210001968.html
But the Fed on Sunday slashed rates by 100 basis points, less than two weeks after it had already made an impromptu 50 basis point cut.
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1) I think that this sudden rates cut is too extreme.
I agree with "Cleveland Fed President Loretta Mester, who supported all the actions but preferred only a 50 basis point cut to a target range of between 0.5% and 0.75%."

2) That interest rates cut also benefits my risky GUSH purchase.
I should, probably, use tomorrow market growth and sell some of my GUSH shares.

3) Friday's sudden 10% growth in the last 20 minutes of trading (15:40 EDT ... 16:00 EDT) -- most likely explained by the leak about impending Federal Reserve Interest rates cut.

Originally posted at: https://dennisgorelik.dreamwidth.org/184113.html