Investors are cautious about an upcoming slowdown. As expected, tech stocks like Cisco, Shopify, Alteryx, and others have led the sell-off.
This week, the Fed and the ECB cut interest rates, paving the way for cheaper loans and more discretionary income. How could Netflix benefit?
In a second consecutive instance of monetary easing, the Fed cut the federal funds rate by 25 basis points to 1.75%–2% yesterday.
President Trump continues to push the Federal Reserve for a big rate cut. Today, in a tweet, the president called the Fed a “problem.”