It’s been a crazy two weeks, hasn’t it? The health concerns, markets, price of oil, And the weekend isn’t providing much in the way of relief. Now the Fed is dropping interest rates to zero for the first time since 2008 (though that cut lasted until 2015).
The cheaper borrowing may provide an incentive for businesses to borrow or start new programs or build or expand. However, workers feeling the financial crunch that business closures will cause won’t find much hope in a lower Fed rate.
Fear is fear. That which we don’t understand keeps us fettered. While the world waits for answers and relief, each of us throwing our own matchsticks into the night, we expect that the morning will come soon. We hope for it, and we wait for it.