Sorry, been really busy….But, when I saw the headlines, i sort of chuckled….
I said this was gonna happen….
Next up. Fed will do a -.50% which they pay banks to borrow….
Oh boy, it gets interesting by the minute.
Fed reduces benchmark rate to as low as zero
Tuesday December 16, 6:41 pm ET
In strong step to fight worsening economy, Fed cuts key interest rate to zero for first time
WASHINGTON (AP) — The Federal Reserve, urgently rewriting its playbook to fight a deepening recession, cut its benchmark interest rate to as low as zero Tuesday, a surprisingly strong step that should make it cheaper for Americans to borrow on credit cards and pay their mortgages.
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