Removed from reassuring the markets, the Federal Reserve’s dramatic motion over the weekend appears to have spooked them as a substitute.
Over the weekend, the Fed determined it couldn’t look forward to Wednesday’s deliberate assembly to behave, chopping rates of interest to almost zero p.c. It additionally introduced $700 billion of direct capital injection by means of the acquisition of Treasury securities and mortgage-backed debt.
The query is whether or not this motion can truly calm markets. Thus far, it’s not trying nice. Inside minutes, emergency circuit breakers have been triggered once more. Markets are down greater than 9 p.c on the day.
On this episode, @NLW chats with Fintech Zoom Chief Content material Officer Michael Casey and Director of Analysis Noelle Acheson about:
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