Dow futures climb 700 points [CNN]
Anthem, Inc. (ANTM)
Last anthem, inc. earnings: 4/29 06:00 am
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Source: CNN
7 Posts Sort by Dropdown arrow 1 min ago The Fed tried to restore confidence. It failed From CNN ' Julia Horowitz The Federal Reserve's decision to cut interest rates The S&P 500 closed down 2.8%, while the Dow shed 786 points, or 2.9%. The yield on benchmark 10-year Treasury notes fell below 1% What happened "Confidence matters in volatile times. It would have been better for the Fed to cut by 25 [basis points] and let markets hope for more," Holger Schmieding, chief economist at Berenberg Bank, told clients on Wednesday. Some observers are also concerned that the Fed is prematurely running down its already depleted arsenal. The central bank could still cut interest rates four times, assuming each cut is a more standard 25 basis points, before reaching zero. But it has far less powder than investors would generally like to see in uncertain times. Other central banks are in even worse positions. The an Central Bank and the Bank of Japan, for example, have already pushed their benchma
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