Discover and read the best of Twitter Threads about #FEDrate

Most recents (1)

The mother of all QEs is here - @federalreserve has announced:
a. Interest rate cut by 100bps to 0% - 0.25%
b. Emergency lending rate cut by 125 basis points to 0.25%,
c. Increased the emergency lending term of loans to 90 days.

#USD #FEDrate
#QE5

(1/n)
d. Buying of $500 BN of Treasurys and $200 BN of agency-backed mortgage securities.
e. Pushed major banks to use the equity + liquid buffers ($1.3 TN + $2.9 TN) for lending and manage credit expansion.
Instantly, eight largest U.S. banks (Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, and Wells Fargo) have suspended share buybacks program to support the Fed's idea of credit expansion.

#bankofamerica #CITIBANK
Read 6 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!