{"id":70574,"date":"2020-03-04T13:21:52","date_gmt":"2020-03-04T18:21:52","guid":{"rendered":"http:\/\/www.businesspundit.com\/?p=70574"},"modified":"2020-04-28T18:52:45","modified_gmt":"2020-04-28T22:52:45","slug":"will-a-rate-cut-help-save-the-fed-from-the-coronavirus","status":"publish","type":"post","link":"https:\/\/www.businesspundit.com\/will-a-rate-cut-help-save-the-fed-from-the-coronavirus\/","title":{"rendered":"Will A Rate Cut Help Save The Fed From The Coronavirus ?"},"content":{"rendered":"\n
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According to Yahoo News the Federal Reserve shocked all of the financial markets by slashing interest rates by 50 basis points. <\/p>\n\n\n\n

“The Jerome Powell-led Fed shocked Wall Street<\/a> by slashing interest rates by 50 basis points around 10:00 a.m. ET. The Fed said the \u201cfundamentals of the U.S. economy remain strong\u201d but that the coronavirus \u201cposes evolving risks to economic activity.\u201d<\/p>\n\n\n\n

Stocks initially popped on news of the cut<\/a>, but quickly gave up gains as investors rallied around a notion the Fed is perhaps seeing recessionary conditions emerge in the U.S. due to coronavirus<\/a>. The Dow Jones Industrial Average plunged<\/a> nearly 800 points by the closing bell. Meanwhile, the Nasdaq Composite and S&P 500 fell 2.8% and 2.9%, respectively.” – Source<\/a><\/p>\n\n\n\n

While it’s certain in the short run this helped stocks for a number of hours the reality is the US may be facing a natural recession after years of consistent growth. Now with the coronavirus nipping at the heals of the US Economy it’s certain the Federal Reserve is trying to stave off a hungry dog. It’s uncertain if it’s enough to keep away the entire pack of recession dogs. <\/p>\n","protected":false},"excerpt":{"rendered":"

According to Yahoo News the Federal Reserve shocked all of the financial markets by slashing interest rates by 50 basis points. “The Jerome Powell-led Fed shocked Wall Street by slashing interest rates by 50 basis points around 10:00 a.m. ET. The Fed said the \u201cfundamentals of the U.S. economy remain strong\u201d but that the coronavirus \u201cposes evolving […]<\/p>\n","protected":false},"author":22,"featured_media":70575,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8281],"tags":[],"class_list":{"0":"post-70574","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"acf":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/70574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/comments?post=70574"}],"version-history":[{"count":4,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/70574\/revisions"}],"predecessor-version":[{"id":71375,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/70574\/revisions\/71375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media\/70575"}],"wp:attachment":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media?parent=70574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/categories?post=70574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/tags?post=70574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}