FED RATE CUT - DOW DOWN 786 POINTS!
Description
The Federal Reserve has implemented an EMERGENCY rate cut today of 0.50%. This rate cut has actually caused the Dow to crash 786 points, roughly 3%.
Because of the Fed's actions today, the 10-Year Treasury Yield has also hit it's ALL TIME historic low, reaching 0.99%.
Many people believe that the Fed is planning on ANOTHER rate cut later this month at their scheduled March 17th meeting.
I address the following in this video:
Why did the fed cut rates in an emergency fashion?
How does the current global health crisis play into this?
Is President Trump responsible for the rate cut?
I also touch on what this means for the economy moving forward, interest rates declining, zero interest rate policy, negative interest rate policy, and finally delaying the inevitable...inflation/recession.
Enjoy!
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