‘They Blew It’: Wall Street Reacts To Fed’s Emergency Cut

–The Federal Reserve’ s shock interest-rate cut and bond-buying program rippled through global markets on Monday, with S&P 500 Index futures falling by the most allowed and Treasury yields plunging at the start of what promises to be another volatile week. The Fed panicked and the market is spooked. James McCormick, global head of desk strategy at NatWest…