Far from reassuring the markets, the Federal Reserve’s dramatic action over the weekend seems to have spooked them instead.
Over the weekend, the Fed decided it couldn’t wait for Wednesday’s planned meeting to act, cutting interest rates to nearly 0 percent. It also announced $700 billion of direct capital injection through the purchase of Treasury securities and mortgage-backed debt.
The question is whether this action can actually calm markets. So far, it’s not looking great. Within minutes, emergency circuit breakers were triggered again. Markets are down more than 9 percent on the day.
In this episode, @NLW chats with CoinDesk Chief Content Officer Michael Casey and Director of Research Noelle Acheson about:
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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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