BREAKING: Fed cuts rates by half a percentage point (biggest cut since 2008) to combat coronavirus slowdown

[tacobell fan]

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.

Markets had been widely expecting the U.S. central bank to take some type of action, with anticipation of a 50 basis point cut by the next Federal Open Market Committee meeting later this month.

 

The move comes the same morning the G-7 announced that it would commit unspecified tools to help the global economy deal with the threat, and as Wall Street was in the midst of another market sell-off.

Markets immediately turned higher on the announcement. In addition to the cut on its benchmark overnight borrowing rate, the Fed also announced a half-percentage-point cut on the interest it pays on excess bank reserves.

[mettastar]

so ipudu enthaki padindhi vuncle interest rates ?

[tacobell fan]

1 minute ago, mettastar said:

so ipudu enthaki padindhi vuncle interest rates ?

1.25%

[mettastar]

17 minutes ago, tacobell fan said:

1.25%

mortgages vuncle

[Anta Assamey]

[tacobell fan]

Just now, mettastar said:

mortgages vuncle

manaki endhuku uncle ee illu. Mana valla kadu

[r2d2]

Thaatha forced Fed...😀

[JambaKrantu]

Mortgages will fall to around 3.25%

[tacobell fan]

4 minutes ago, JambaKrantu said:

Mortgages will fall to around 3.25%

2% ki vaste cheppandi antunna @mettastar uncle

[r2d2]

house prices  padite cheppandi...

[trent]

1 minute ago, tacobell fan said:

2% ki vaste cheppandi antunna @mettastar uncle

mana canada lo already 2.5% ki istunnaru. ikkada kuda thaggisthe bagundu

[JambaKrantu]

2 minutes ago, tacobell fan said:

2% ki vaste cheppandi antunna @mettastar uncle

Feb rates 0 cheste 2% ki vastaay.. Not possible ani cheppu @mettastaruncle ki..

 

[quickgun_murugun]

31 minutes ago, tacobell fan said:

1.25%

Refinance cheskondi kakalu

[trent]

Just now, r2d2 said:

house prices  padite cheppandi...

enduku padatay man?? . infact prices will go up

[tacobell fan]

Just now, trent said:

mana canada lo already 2.5% ki istunnaru. ikkada kuda thaggisthe bagundu

100k house ni 250k ki sell chestha 2.5% ki ichina pedda vadigedhi emi ledu antunna @Don_Draper