The US Federal Reserve building in Washington, DC.

Economic events

Financial markets are hoping the US Federal Reserve will join the growing queue of central banks that are pledging to rescue markets after the precipitous fall not seen since the Black Monday plunge 33 years ago. Expectations of fiscal support measures are rising in addition to the deep rate cuts by various central banks already baked in bond prices.

China’s central bank on Friday cut reserve requirement ratio (RRR) by 50-100 basis points (bps) unleashing a wall of liquidity. It will release 550 billion yuan into the banking system. This liquidity adds to the 800 billion

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