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Fed Announces Emergency Rate Cut In Response To Coronavirus Outbreak

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by , 03-04-2020 at 02:21 PM (77 Views)
      
   
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Even with the next monetary policy meeting just two weeks away, the Federal Reserve announced a surprise move to enact an emergency interest rate cut on Tuesday in response to the economic risks posed by the coronavirus outbreak. The Fed announced that it has decided to lower the target range for the federal funds rate by 50 basis points to 1 to 1-1/4 percent.

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