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Market Brief – Monday 3/16/20

Sunday afternoon, before the futures markets opened, the Fed panicked and lowered the Federal Funds Rate to 0.00%-0.25%, announced a $700 billion Quantitative Easing program, cut reserve requirements to 0%, boosted intraday liquidity, and announced coordinated currency swap lines with other central banks. The Fed will purchase at least $500 billion in U.S. Treasury securities … Read more