Federal Reserve Fires Last Bullet - Historic Day for Monetary Policy
We’ve had more than a fair helping of Fed letdowns lately, so today’s announcement was just all the more impressive and historic. Even PIMCO’s Mohamed El-Erian could only say “wow” at the language and posturing made inside today’s FOMC statement.
In an unprecedented move, the benchmark fed funds rate was set to a “range” of 0% [...]
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