The Federal Reserve cut interest rates for the second time in less than two week...
- The Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in an emergency move to help shore up the U.S. economy amid the rapidly accelerating global coronavirus pandemic.
“Cutting rates to zero, launching $700 billion in QE, and opening swap lines in coordination with other major central banks are important steps toward smoothing the market dislocations that are putting the global economy at risk.”
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