Reuters - This is a powerful adrenaline injection for the markets. But one knows that with this kind of drug you usually need to increase the dosage. The Fed has apparently taken into account the risk stemming from the financial markets. There was a danger that it could have led to a downward spiral. The Fed has taken timely action. It is also interesting that they have left themselves room for further moves. The financial markets know that the Fed is determined to act. But it is also implicit that the Fed sees the recession risk as massive. From that point of view the question is how this will play out in the markets.
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