On Sunday, the Federal Reserve announced a massive wave of quantitative easing. A huge pile of Treasurys and mortgage-backed securities worth $700 billion will be bought. The Dow expects another 900 points drop on Monday morning, per the Dow futures market. Donald Trump calls people to 'relax' and urges against hoarding Crypto Market unexpectedly remains calm, waiting for Wall Street movesFederal Reserve says that coronavirus is destroying the world economy. The new base rate will float between 0% and 0,25%, instead of the previously planned 1-1,25%. Fear walks the markets, as the majority of investors think the FED is in panic. The FED says that the interest rate cut will stabilize the economy, by 'supporting the liquidity, banking system and smooth flow of credit to household and businesses'.
Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Swiss National Bank will cooperate to foster the availability of swap loans, cut fees and extend their living period...
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https://telegra.ph/The-FED-Cut-Base-Rate-to-Zero-Jerome-Powell-Announce-700-Billion-Quantitative-Easing-Trump-says-Relax-Take-it-Easy-Dont-waste-mo-03-16