Cheap USD: USG "Open Market Committee" Announces Emergency Interest Rate Cut, Largest Since 2008

Today the USG Federal Reserve's "Open Market Committee" announced an emergency action to drop their interest rate target by 0.5% in their biggest cut since 2008. This move to cheapen the USD comes after substantial bleeding in US markets last week and escalating panic over a novel corona virus paralyzing the import dependent US "service" economy. The target range for the "Federal Funds Rate" now sits between 1 and 1.25 percent.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>