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Fed Cut Discount Rate Sunday Evening

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The US Federal Reserve's shock lowering of its discount rate has increased the prospect of a 100 basis point reduction of its federal funds rate this Tuesday, or possibly before, economists say.

Despite it being Sunday evening (US time), the US Federal Reserve announced in a statement its board had voted unanimously to cut the primary credit rate from 3.50 per cent to 3.25 per cent, effective immediately.

1% off fed funds rate on Tuesday. Would that confirm US is recession ?

Edited by Ash4781

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  • 293 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%

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