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Fed Cuts Federal Funds Futures Rate by 75 Basis Points, Discount Rate by 50 Basis Points

Started by Jorge · 10 months ago

Below is the statement released by the Federal Open Market Committee after its March 18 meeting on interest rate policy:
The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
Recent information indicates that the outl ... Continue reading »

3 comments

  • Options Strategery

    1 year ago

    Market seems to be less disappointed than I expected. $SPX is only down 15.
    reply
  • Leon

    1 year ago

    Seems like the American economy is only getting worse with no sign of a turn around for years to come in the value of the dollar.
    reply
  • Jorge

    1 year ago

    OS,

    I was disappointed Tuesday but wasn't surprised Wednesday. Fed's putting themselves in a small corner if you ask me. I hope they keep interest rates this low for about a year though so that my wife and I can purchase a house at a decent price/rate!

    Leon,

    FedEx just reported this morning and while revenue was up, they've guided down which leads me to believe that they're seeing the US in a slowdown.

    Disclaimer: My father works for FDX.
    reply
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