Wall Street Reacts to Fed Cut With Calls for More Stimulus

(Bloomberg) — The Federal Reserve’s shock interest-rate cut and bond-buying program rippled through global markets on Monday, with S&P 500 Index futures falling by the limit and Treasury yields moving sharply lower at the start of what promises to be another volatile week.Early reactions on Wall Street to the Fed’s moves were mixed. Some said the measures will help stabilize jittery financial markets, while others warned that the central bank’s emergency actions risked adding to investor panic. One refrain from across the spectrum: global policy makers will have to roll out more monetary and fiscal stimulus to counter the economic …read more

Source:: Yahoo Finance

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