Today’s intra-meeting cut in US interest rates illustrates the Fed’s determination to do everything it can to help financial markets in the wake of last week’s events. Although the stock market might not have fallen very heavily upon re-opening today, the Fed was clearly unwilling to wait and see and today’s move was designed to give the markets the most bullish (or least bearish) scenario possible under the circumstances.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services