Federal Reserve Reduces Bank Reserve Requirement Ratios to Zero Percent
The Federal Reserve has reduced the reserve requirement ratios of commercial banks to zero percent. As “effects of the coronavirus will weigh on economic...
Read moreFederal Reserve Encouraging Financial Assistance amid Coronavirus-Caused Economic Concerns
A statement just released by the Federal Reserve says they “recognize the potential impact of the coronavirus on the customers, members, and operations of...
Read more10-Year Treasury Yields Fall to All Time Low
10-Year Treasury yields have fallen to an all-time low today of 0.90%. Fueled by growing global economic concerns due to the coronavirus, the benchmark...
Read moreFederal Reserve Cuts Interest Rates in Response to Coronavirus
The Federal Reserve decided to cut interest rates today as “the coronavirus poses evolving risks to economic activity”. The Federal Open Market Committee as...
Read moreDow Jones Closes Down 1,190 Points, 10% on Week in Historic Selloff
The Dow Jones finished today down 1,190.95 points. Markets continued to react strongly to recent developments concerning the Coronavirus, now dropping more than 10% in the past...
Read morePresident Trump Lowers Pay Raise for All Civilian Federal Employees
President Trump revealed “an alternative plan for pay adjustments for civilian Federal employees”, lowering an anticipated pay raise of 2.5% to 1%. “Under current...
Read moreTrump Administration Releases 2021 Budget Proposal
President Trump today, through the Office of Management and Budget, released his administration’s 2021 budget proposal. President Trump’s 2021 budget proposes the following: NASA...
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