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Message: Effect of Fed Actions

From WSJ a few minutes ago:

The Fed’s second emergency rate cut this month—disclosed Sunday evening -- hasn’t been well-received since it appeared to investors to be a “sign of desperation,” said Terence Wong, chief executive of Azure Capital, a Singapore-based fund management firm.

 “It’s basically using up all their ammunition within a three-week span,” said Mr. Wong. “There’s nothing left. They can’t use monetary loosening as part of their arsenal anymore.”

https://www.wsj.com/articles/stock-futures-slide-after-fed-slashes-rates-11584310328?mod=breakingnews

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