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Fed sets tone for unconventional policy but markets want more

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With markets in crisis mode, the US Federal Reserve's aggressive move to slash its key interest rate by a whole percentage point to near zero early on Monday failed to offset the panic from tighter global border controls and collapsing consumer demand.

Singapore

WITH markets in crisis mode, the US Federal Reserve's aggressive move to slash its key interest rate by a whole percentage point to near zero early on Monday failed to offset the panic from tighter global border controls and collapsing consumer demand.

Many felt that the...