Fed cuts rate by half point in urgent move

Wed, Mar 04, 2020 - 5:50 AM

The US Federal Reserve delivered an emergency half-percentage point interest rate cut on Tuesday in a bid to shield the country's longest-ever economic expansion from the spreading novel coronavirus.

PHOTO: REUTERS

Washington

THE US Federal Reserve delivered an emergency half-percentage point interest rate cut on Tuesday in a bid to shield the country's longest-ever economic expansion from the spreading novel coronavirus.

"The coronavirus poses evolving risks to economic activity," the Fed...

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