Meeder's Take on the 3/3/20 Federal Reserve's Surprise Rate Cut

 

Today, the Federal Reserve Board made a surprise move by lowering the target federal funds rate by half of a percentage point to a range from 1.00% to 1.25%. The Federal Reserve has faced increasing pressure to cut rates amidst the rise in concern among market  participants over the global coronavirus spread. What does this mean for the market and what can we expect from the FOMC regarding rates for the remainder of 2020? We invite you to watch a video featuring Jason Headings, Director of Fixed Income at Meeder Investment Management, where he shares a brief overview of today's rate cut and what impact this action could have on the economy.

 

 

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Commentary offered for informational and educational purposes only. Opinions and forecasts regarding markets, securities, products, portfolios or holdings are given as of the date provided and are subject to change at any time. No offer to sell, solicitation, or recommendation of any security or investment product is intended. Certain information and data has been supplied by unaffiliated third-parties as indicated. Although Meeder believes the information is reliable, it cannot warrant the accuracy, timeliness or suitability of the information or materials offered by third-parties. Meeder does not provide accounting, legal or tax advice. Consult your financial adviser regarding your specific situation. 

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