Fed has slashed interest rates to near ZERO!

link please!

Panic.

Geesh OP this isn't that hard to do.

Wowza

People are not spending because they are worried about getting sick, not because they can't afford the interest rates. Fix the damn illness, that is the only thing that will resolve this.

Exactly— how are lower interest rates going to make people run out and risk getting this virus?

The entire financial system just had a massive heart attack.

What does this mean? Can I take a personal loan at a very low rate to pay off high rate credit cards? What if my FICO is in high 600's and the bank/credit union says that will allow them to charge me a higher rate?

I have to admit ....

I'm seriously looking at buying a home now. I was going to wait another year, but even if I buy it and let it sit empty while I fix it up (or rent it out) ....

Please be aware that there’s a difference between short-term and long-term interest rates, R9.

So which does this drop apply to?

I got a fixed 15-year mortgage of $250,000 at 3%. I should close this week.

Remember when Trump said he had the absolute power to fire the head of Fed a few days ago. Well, this interest rate cut is probably what bullied out of Powell. Except it backfired. The traders think the Fed would never do this UNLESS it knows the financial system will seize next week.

DOW futures dropped 5% until trading was halted.