The U.S. Federal Reserve has decided to drop the standard rate to 0%.
The Fed cut the base rate by 0.5 percentage points on the 3rd of the previous day, and today (16th) cut the rate by another percentage point. As a result, the Fed's standard rate has been 0 to 0.25%.
This measure is intended to respond to the economic impact of the spread of Corona19 and will remain until the market recovers.
[Breaking News] US Fed cuts base rate to zero
2020-03-15T21:28:38.802Z
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The U.S. Federal Reserve has decided to drop the standard rate to 0%. The Fed cut its benchmark interest rate by 0.5 percentage points on the 3rd, and then cut another rate by 1 percentage point today.
Source: sbskr