After Japan slashed its rates on Jan. 29, the Nikkei 225 dropped 6 %. (canadianbusiness.com)
The last time rates were raised was nearly a decade ago; since then the Fed has pursued a policy of slashing rates and keeping them low in an effort to wrench the economy out of the Great Recession and promote greater growth and consumption. (marketplace.org)
Fueling the giddiness is the President's signature legislative achievement: the Tax Cuts and Jobs Act, which slashed rates for corporations from 35 % to 21 %. (fortune.com)