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Shock And Awe: Fed Cuts Rates To Zero, Announces $700 Billion In QE, Enhances Swap Lines

Now this a "whatever it takes" moment.

Now this a "whatever it takes" moment.
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15 comments on “Shock And Awe: Fed Cuts Rates To Zero, Announces $700 Billion In QE, Enhances Swap Lines

  1. mfn says:

    Fingers crossed.

  2. Anonymous says:

    Beware the ides of March.

  3. derek says:

    Sadly, Mr President, interest rates are not the problem holding back the economy. The cuts will provide little support.

    But maybe they will help support stock prices!

  4. Anonymous says:

    Trump on Monday: Powell is an imbecile! Not enough! Cut to -2.00%…!!!!

  5. Mr. Oxygen says:

    Are we still considered to be a capitalist economy?

  6. Bob says:

    Do I hear short covering? Put monetization? The only thing that may have us revisit new lows is if the markets don’t bounce hard on Monday -then you’ll see real hysteria in the markets. Still these are good times for traders, and I’m hoping to put back on some puts when we’re way back above 3000 on the S&P. (volatility providing that is).

    • Anonymous says:

      Check the open in futures. Down 4% just a few minutes ago.

      At first blush, looks like another swing and a miss by Fed and Administration. #MAGA, bitches…!!!

      • Bob says:

        I’d say wait until Monday at 8:30 am before you draw any conclusions. Right now too many large trades are still being unwound, that’s the likely culprit. I’m not making any claims that the market is heading in either direction, but up is more likely than down. Given all the turmoil nothing would surprise me.

        It would be funny if the big players took all the Fed’s QE money and shorted it.

  7. MacroGuy says:

    And the market loved it again!! Only 20 mins to limit down

  8. StefanoV says:

    FED has really spooked the markets. They did what they had to, cant be faulted for this. But the markets seem to have realized how bad the situation is. Oh well, that friday bounce was a big fat dead cat. Poor kitty.

  9. PJSPHD says:

    I’ve not seen anyone do the math on lost sales tax or room tax revenue for state and local governments. What do those vacant rooms in NYC and Florida mean for revenue?

    For that matter what about lost state and local income tax payments from non-existent wages during shut-downs?

    Some municipalities will be sorely tested when these revenues shrink. As with individuals and companies, many government entities live the equivalent of paycheck to paycheck. Check your muni portfolio. The Fed may need a bigger boat.

  10. Ria says:

    Monday should be fun! Brings back Lehman memories!

  11. jyl says:

    $700MM QE ahead of a like amount of increased UST issuance – because the $1TR deficit will be $2TR before long.

  12. hookandgo says:

    H-Man, the Fed just fired a BB gun at a charging rhino.

  13. John3D says:

    Who made/is making money after last two Fed moves?

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