Fed makes surprise rate cut
Move against coronavirus marks largest rate change since the 2008 financial crisis
In a surprise move, the Federal Reserve cut rates by 50 basis points today (March 3), to head off the evolving risk of the coronavirus to the US economy.
The unanimous decision – the largest single rate move since the 2008 financial crisis – leaves the current stance of policy at 1-1.25%.
The Fed left the door open to further action, stating it was “closely monitoring” developments of the virus, and “will use its tools and act as appropriate to support the economy”.
Following the unscheduled
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com