03-16-2020, 08:44 AM
Fed to pump in more than $1 trillion in dramatic ramping up of market intervention amid coronavirus meltdown
KEY POINTS
• The Fed announced a bold new initiative in an effort to calm market tumult amid the coronavirus meltdown.
• In all, the new moves pump in up to $1.5 trillion into the financial system in an effort to combat potential freezes brought on by the coronavirus.
• This was the second day in a row and the third time this week the Fed has stepped in.
• Stocks staged a sharp turnaround from earlier losses, though some of those gains were pared.
https://t.me/CryptoMarketTime
KEY POINTS
• The Fed announced a bold new initiative in an effort to calm market tumult amid the coronavirus meltdown.
• In all, the new moves pump in up to $1.5 trillion into the financial system in an effort to combat potential freezes brought on by the coronavirus.
• This was the second day in a row and the third time this week the Fed has stepped in.
• Stocks staged a sharp turnaround from earlier losses, though some of those gains were pared.
https://t.me/CryptoMarketTime