Tuesday, March 3, 2020

US Fed cuts rates in panic - Dow down major

The U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus. The central bank said it was cutting rates by a huge half percentage point to a target range of 1% to 1.25%. U.S. stocks indexes initially surged on the news, but have fallen off significantly.
25,917.41-785 (-2.94%)