From WSJ a few minutes ago:
The Fed’s second emergency rate cut this month—disclosed Sunday evening -- hasn’t been well-received since it appeared to investors to be a “sign of desperation,” said Terence Wong, chief executive of Azure Capital, a Singapore-based fund management firm.
“It’s basically using up all their ammunition within a three-week span,” said Mr. Wong. “There’s nothing left. They can’t use monetary loosening as part of their arsenal anymore.”
https://www.wsj.com/articles/stock-futures-slide-after-fed-slashes-rates-11584310328?mod=breakingnews
