How can they possibly cut rates on a Sunday?
They are terrified of the Market on Monday.
This is probably aimed at the overseas futures markets, which I believe open this afternoon or evening.
Of course, this won’t help restore disrupted supply flows from China or compensate lost sales....
It’s just in a computer. It’s not like they have to go out and change the numbers on the sign.... HA Ha.
The President said, Do this. They did.
They must have been very worried about Monday’s open on Wall Street. When the country with the world reserve currency goes to zero on rates, look out....”unintended consequences”/bad things may follow.