Day: March 4, 2020

An unexpected interest rate cut by the Fed has FX traders pondering whether or not the Bank of England might act similarly. Those concerns sent the Pound Sterling lower against both the Euro and the greenback. Though the Fed’s move did little to assuage market concerns that it could shield […]

The Bank of Japan Governor Naruhiko Kuroda stated on Wednesday that the coronavirus epidemic could cause big damage to the Japanese economy, adding that the central bank should be ready to take appropriate action to counteract the effects of the outbreak. “If the epidemic is prolonged, it could also affect […]

Updated March 4, 2020  Central banks around the world, including the Federal Reserve, have lowered interest rates in an effort to stimulate the economy in the face of widespread damage caused by the coronavirus. Still, analysts are concerned that many countries aren’t equipped to handle the crisis fully, as they […]

The Federal Reserve took emergency measures on Tuesday afternoon with a unanimous decision to cut interest rates by 50 basis points. Wall Street benchmarks failed to respond positively to the news despite hopes for an instant boost to the markets. Chicago Fed President Charles Evans said on Tuesday night that […]