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Why Did the Fed Cut Rates Today?
In a surprise move Wednesday, the Federal Open Market Committee
cut its key federal funds target rate
by 50 basis points, to 6%.
The news sent the Dow
up more than 300 points while the Nasdaq
added 250, or 12%, as investors hoped that lower interest rates would get the economy back on its feet again. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 35.10 |
Oil *
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