Zero rates, zero impact: Fed & co fail to calm markets

Posted on AllSides March 16th, 2020
From The Center

LONDON (Reuters) - Stock markets and oil prices continued to nose-dive on Monday after the second emergency cut in U.S. interest rates in as many weeks — effectively to zero — and supportive measures from all corners failed to quell coronavirus fears.

Central banks across Asia and Europe also cut borrowing costs and pumped funds into the system in a bid to cushion the economic impact as the breakneck spread of the virus all but shut down more countries. But they had limited success in calming panicky investors.

The volatility...

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https://www.reuters.com/article/us-global-markets/zero-rates-zero-impact-fed-co-fail-to-calm-markets-idUSKBN2121BM

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