The Fed is being called into action, and we expect a [half of a percentage point] cut at the upcoming March 18 meeting, Bank of America Global Research said in a note before the Fed announcement.
An emergency cut by the Fed prior to the meeting is possible it will depend on the extent of market dysfunction.
https://www.politico.com/amp/news/2020/02/28/interest-rate-cut-federal-reserve-118207Article listed at
02/28/2020 02:43 PM ESTArmstrong claims to have predicted the rate cut. Compare the date of the politico article above and Armstrongs prediction
We warned on the weekend that Socrates had pinpointed this week and then the week of March 23 for actions by the Fed
Will There be Coordinated Central Bank Action This Week?
Posted
Mar 1, 2020 by Martin Armstrong