Tag: Fed rate
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Too Good To be True, But It’s true
Fed has cut the discount rate by 50 basis points to 1.75%, ECB also cut benchmark rates by 50 basis points from 4.25% to 3.75%; and the futures are up, triple digit (as of this writing). Here is a snapshot of what happened today in the Asian markets so far- Japan’s Nikkei falls 9.4 pct…