2020-03-16 16:30:57
Bitcoin Reacts to Fed’s 0% Rate Drop, Reserve Requirements Removed, $700B in Stimulus
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On Sunday, the U.S. Federal Reserve slashed the benchmark short-term rate by 100 basis points bringing it to zero. In addition to the rate cut, the Fed promised $700 billion in bond purchases and eliminated all reserve requirements for smaller financial institutions. However, the Fed’s rate cut didn’t help financial markets as stock markets and […]The post Bitcoin Reacts to Fed’s 0% Rate Drop, Reserve Requirements Removed, $700B in Stimulus appeared first on Bitcoin News.