Federal Reserve interest rate cut near zero amid coronavirus pandemic - Business Insider

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Federal Reserve interest rate cut near zero amid coronavirus pandemic - Business Insider
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Fed slashes main interest rate to zero in historic move designed to cushion economic blow of coronavirus pandemic

The Federal Reserve slashed its main interest rates to near zero in an emergency move. It's part of a broader government effort to ease the economic effects of the coronavirus pandemic.

The central bank also said it will increase its bond holdings by $700 billion. The emergency moves are part of a broader government effort to ease the economic effects of the coronavirus pandemic.

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