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Fed cuts US interest rates to zero as part of sweeping crisis measures
By Colby Smith, Joe Rennison & Jennifer Ablan
Coronavirus: US stocks see worst fall since 1987
Federal Reserve cuts rates to zero to support the economy during the coronavirus pandemic
By David Goldman
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Formerly TwitterMohamed A. El-Erian
elerianm
From the @wsj article, “Why Is the Federal Reserve Always Surprised by Inflation? The central bank owes the public an explanation—and a serious effort to correct its flawed model.”
#economy #markets #centralbanks #econtwitter #federalreserve pic.twitter.com/9pXVdePJAr
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Mohamed A. El-Erian
elerianm
Per below, the whole US yield curve shifted up in reaction to the data (see prior post), including the 2-year which traded above 5% as markets pushed to December the expectation of the first rate cut by the #FederalReserve.
(Amazing to think that, just four months ago, #markets… pic.twitter.com/gmZDG1xxGU
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Jason Furman
jasonfurman
Recommended reading for anyone wishing for the Fed to cut rates. americanliterature.com/author/w-w-jacobs/short-story/the-monkeys-paw#google_vignette
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Holger Zschaepitz
Schuldensuehner
Hawkish Fed repricing extends: Traders push back the timing of the 1st Fed rate cut to Nov/Dec after hotter than expected Q1 Core PCE. pic.twitter.com/nhO5k5ZOvn
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All coverage
Trump Says He Could Demote Fed Chair Powell, Risking More Market Turmoil (Published 2020)
By Jeanna Smialek
QE4 Begins: Fed Cuts Rates, to Buy $700B in Bonds
By Lawrence Lewitinn
The Fed Fires 'The Big One'
By Bob Haber
What will a 0% interest rate mean for mortgages?
By Anna Bahney
Federal Reserve slashes interest rates to zero as part of wide-ranging emergency intervention
By Heather Long
Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
By Steve Liesman
Fed Slashes Rates to Near-Zero and Unveils Sweeping Program to Aid Economy (Published 2020)
By Neil Irwin & Jeanna Smialek