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KM Financial Solutions | UPDATE 5-Fed slashes rates, global central banks coordinate to cushion coronavirus blow
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UPDATE 5-Fed slashes rates, global central banks coordinate to cushion coronavirus blow

15 Mar UPDATE 5-Fed slashes rates, global central banks coordinate to cushion coronavirus blow

Posted at 00:03h in News by
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The U.S. Federal Reserve
and global central banks moved aggressively on Sunday to
buttress a world economy unraveling rapidly amid the coronavirus
pandemic, with the Fed slashing interest rates to near zero,
pledging hundreds of billions of dollars in asset purchases and
backstopping foreign authorities with the offer of cheap dollar
financing.

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