NBC News negative about rate cut

Noel Sheppard of NewsBusters writes Wednesday that NBC News reported a negative angle about Tuesday’s Federal Reserve rate cut when the story should have been a positive.

Sheppard wrote, “In case you were out of the country and missed it, the Federal Reserve on Tuesday surprisingly cut two key interest rates by a half percentage point – twice what most analysts expected – causing one of the largest one-day rallies on Wall Street in years.

“Yet, the folks on the ‘NBC Nightly News’ seemed a tad unhappy with the Fed’s move, as anchor Brian Williams wondered ‘is it good for everyone,’ and correspondent Kevin Tibbles cautioned, ‘But experts say beware of the downside of any economic upturn.’

“I kid you not.

“The News began Tuesday evening mostly with the positive side of the rate cut, bringing in CNBC’s Maria Bartiromo to discuss the day’s events on Wall Street. However, as Williams introduced Bartiromo, he foreshadowed the gloom to come.”

Read more here.