What do the Fed’s latest moves mean for U.S. consumers?
March 16, 2020More U.S. retailers shut stores to limit coronavirus spread
March 16, 2020Fed slashes rates, global central banks coordinate to cushion coronavirus blow
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The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to near zero, pledging hundreds of billions of dollars in asset purchases and backstopping foreign authorities with the offer of cheap dollar financing.
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