Fed Rate Cut and BSC sold 4 $2
The U.S. Federal Reserve cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created another lending facility for big investment banks to secure short-term loans. The Federal Reserve headquarters in Washington, DC. U.S. stock index futures rose on Sunday evening after the unexpected rate cut. S&P 500 futures were [...] [...more]
