RT Boom Bust July 13, 2024
Emergency rate cut of 50 bits in response to the growing economic threat from the fallout of the quantum virus this is the 1st time this has been deployed since december of 2008 during the financial crisis as chairman powell said the coronavirus was having a Material Impact on the Economic Outlook in addition came 2 weeks before the feds scheduled meeting but rather than instilling confidence the market is digesting this as a sign that the weakness is much greater than previously thought analysts have commented that this issue than seemed rushed and panicked and didnt really instill any confid...