Fx trading news:Overnight! The Fed unexpectedly cuts its interest rate by 50 basis points!

 

2020-03-04 10:35      from:CAPSTONE    author:Jack

Capstone forex trading news:23At 23:00 Beijing time on Tuesday, the Fed unexpectedly cut interest rates by 50 basis points. The Fed said that the reason for the rate cut is because the virus poses a constant risk. After the Fed unexpectedly cut interest rates, US short-term interest rate futures rose.
 
The Federal Reserve said it will cut its excess reserve ratio (IOER) by 50 basis points to 1.1%. The Federal Reserve's Federal Open Market Committee said the fundamentals of the US economy remain strong.

forex trading
 
The United States Federal Open Market Committee (FOMC) unanimously agreed to a rate cut.
The Fed states that it will closely monitor economic development and its impact on the economic prospects, and will use relevant tools to take appropriate actions to support the economy.
 
The Fed will closely monitor economic development and its impact on the economic outlook, and will use relevant tools to take appropriate actions to support the economy.


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