Press "Enter" to skip to content

Fed cuts rates sharply in response to coronavirus threat


The Federal Reserve cuts interest rates Tuesday in a rare emergency meeting, responding aggressively to the growing threat the coronavirus poses to the economy and markets.

The Fed lowered its key federal fund rates by a half a percentage point to a range of 1% to 1.25%, the central bank said in a statement.

The facade of a Federal Reserve building.



Source link

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *