/biz/ - Business & Finance

>>17555822
lowering the rates in that instance made sense because the problem was not enough money was moving at the time. We needed more cash moving in the economy so lower rates to make it more attractive to borrow was the solution. Lowering rates now won't do shit to develop a vaccine or get ching and lee out of their welded shut apartment in wuhan and back to the factory making goods.

Green close incoming probably. Also this is mad bullish for oil. 50 bip cut weakens the USD which in turn increases the oil price. Now gimme that sweet OPEC production cut and we go mid-50's by mid March.