The mother of all QEs is here - US Federal Reserve has announced:
a. Interest rate cut by 100bps to 0% - 0.25%
b. Emergency lending rate cut by 125 basis points to 0.25%,
c. Increased the emergency lending term of loans to 90 days.
d. Buying of $500 BN of Treasurys and $200 BN of agency-backed...