Jump to content
House Price Crash Forum
beefheart

Breking Fed Cuts Rates To 3.25

Recommended Posts

on fox news now..... gold to the moon?

Ben trying to save the market. Maybe the markets will like two dollar Bear and cut before meeting and FP will have his rally.

Edited by bleakhouse

Share this post


Link to post
Share on other sites
Guest Charlie The Tramp
Breaking Fed Cuts Rates To 3.25

BBC News 24 and Sky News > breaking news no report on this.

I would have thought this would be a priority News Flash if true.

Share this post


Link to post
Share on other sites
Guest Charlie The Tramp
I think Fox are just speculating about a possible cut this week.

I wish thread titles were much more clearer. :rolleyes:

Share this post


Link to post
Share on other sites
OK so they haven't changed the federal funds rate.

Numpty question. What's the primary credit rate ?

Edit: Found it

Edited by narrowescape

Share this post


Link to post
Share on other sites

the rate cut is pretty much nailed on.

the odds are actually about 70/30 for .75% cut vs .5% cut so its more likely actually going to be down to 3%.

Share this post


Link to post
Share on other sites

USA Today

Fed announces immediate, quarter-point rate cut

By Jeannine Aversa, AP Economics Writer

WASHINGTON — The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy into recession.

The central bank approved a cut to its lending rate to financial institutions to 3.25% from 3.50%, effective immediately, and created another lending facility for big investment banks to secure short-term loans.

The steps are "designed to bolster market liquidity and promote orderly market functioning," the Fed said in a statement. "Liquid well-functioning markets are essential for the promotion of economic growth."

The new lending facility will be available to financial institutions on Monday.

It will be in place for at least six months and "may be extended as conditions warrant," the Fed said. The interest rate will be 3.25% and a range of collateral will be accepted to back the loans.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 294 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.