Federal Reserve Enacts 50 Basis Point Rate Cut

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Reacting to the growing demand- and supply-side impacts of the coronavirus, the Federal Reserve FOMC today reduced the target range for the federal funds rate by 50 basis points, lowering the target to 1 to 1/4 percent. This is the first time since 2008 the FOMC enacted a federal funds rate cut outside of the typical meeting schedule. It was… Read More ›

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