Meeder's Take on the 3/3/20 Federal Reserve's Surprise Rate Cut


Today, the Federal Reserve Board made a surprise move by lowering the target federal funds rate by half of a percentage point to a range from 1.00% to 1.25%. The Federal Reserve has faced increasing pressure to cut rates amidst the rise in concern among market  participants over the global coronavirus spread. What does this mean for the market and what can we expect from the FOMC regarding rates for the remainder of 2020? We invite you to watch a video featuring Jason Headings, Director of Fixed Income at Meeder Investment Management, where he shares a brief overview of today's rate cut and what impact this action could have on the economy.



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