ETFMG Market Segment Expert in Bond Buyer

Fed cuts rates 50bps to offset coronavirus risks

Updated to include commentary and Chair Powell’s remarks at press conference.

The Federal Open Market Committee cut the fed funds rate target 50 basis points to a range between 1% and 1.25%, it announced Tuesday.

Read more here: https://www.bondbuyer.com/news/fed-cuts-rates-50bps-to-offset-coronavirus-risks

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