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03 March 202016.20 Aggressive cut in interest rates by the Federal Reserve in response to the economic emergency following the explosion of the coronavirus. The US Central Bank cut by 0.5% by surprise, reducing the reference interest rates by 50 points. The cut is the first 'emergency' cut since the 2008 crisis and follows the meeting of G7 ministers and governors. The immediate reaction of Wall Street which, after a start in red, has turned positively. Oil also flew to New York. All EU stock exchanges toast.Fed "responds" to the virus and cuts rates
2020-03-03T15:45:16.263Z
16.20 Aggressive cut in interest rates by the Federal Reserve in response to the economic emergency following the explosion of the coronavirus. The US Central Bank cut by 0.5% by surprise, reducing the reference interest rates by 50 points. The cut is the first 'emergency' cut since the 2008 crisis and follows the meeting of G7 ministers and governors. The immediate reaction of Wall Street which, after a start in red, has turned positively. Oil also flew to New York. All EU stock exchanges toast.
Source: rainews