Fed Cuts Rates To ZERO + $700 BILLION STIMULUS Amid Coronavirus Concerns
Fed cuts rates to ZERO amid coronavirus concerns, plus the US announces a $700 BILLION stimulus through quantitative easing… What did Fed Chair Jerome Powell have to say and what does this all mean for you? Find out in today’s episode.
Coronavirus concerns are continuing to affect the US economy 2020 in a major way. In our last episode, we gave you 3 simple steps to THRIVE in the Coronavirus Recession, be sure to watch that if you haven’t:
Much depends on how we all act during these times. Panic will make it worse, while realistic and strategic forward progress made by individuals will help to not make it worse.
RIGHT NOW is the best time to sign up for your FREE coaching session with VIP Financial Education.
Federal Reserve cut rates abruptly on Sunday – by 100 basis points to a target range of 0%-0.25% (as low as it can be without going negative).
A 50-basis point reduction happened just a couple of weeks ago.
See our video on that:
Fed also announced a $700 billion stimulus (quantitative easing) to help the economy absorb the negative effects of the coronavirus outbreak.
Quantitative easing explained:
Quantitative easing is designed to help grow a sluggish economy or avoid a recession. It was a major part of the Fed’s response to the financial crisis in 2008 and has been credited with significantly helping to mitigate the effects of the aftermath of 2008’s financial crisis.
It’s clear that panic is only going to make things worse, but the intervention by the Fed and other central banks may actually be working to increase that panic.
Layoffs have already begun across the country… The S&P 500 and Dow Jones industrial average are both in bear market territory after seeing the fastest 20 percent drop in US stock market history…
Is this too little too late? Is this an extremely volatile market?
What can you do?
Get your money right by using the FREE Cash Flow Cruncher budgeting spreadsheet here:
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