Lots to say about this, but for now.... https://twitter.com/chigrl/status/1239299322887446529 …pic.twitter.com/w2zfanTEfD
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The move is rooted in concern for corporate debt levels, not so much in equity prices. Almost all bank loans are grounded in LIBOR, so rate cuts will diminish the corporare debt burden quite substantially. Also many mortgages are variable rate so those folks will get some relief
take a look at this chart, gives you an impression of the size of the problem... over $1T in high risk debtpic.twitter.com/h5HrbI8Vdb
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Yeah basically trying to minimize the odds of mass bankruptcies in the coming months... But they used all their ammo, anything else will have to come from congress
End of conversation
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