Federal Reserve Cuts Rates But Signals It Will Likely Pause
Courtesy: MGN
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In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending to small and large businesses and local governments to help them weather
Seven major economies pledged to use “all appropriate tools" to deal with the spreading coronavirus but announced no immediate actions.
The Federal Reserve has cut its benchmark interest rate for the third time this year to try to sustain the economic expansion in the face of global threats. But it hinted that it won't cut again at its next meeting.Â
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