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Published On: Tue, Mar 3rd, 2020

U.S. Federal Reserve cuts benchmark interest rate by half-point to offset coronavirus impact

Federal Reserve Powell

In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizeable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus.

CBC | World News

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U.S. Federal Reserve cuts benchmark interest rate by half-point to offset coronavirus impact