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US Fed cuts interest rates by 50 bps to battle coronavirus

Updated : March 04, 2020 01:38 PM IST

The US Federal Reserve said it was cutting rates by a half percentage point to a target range of 1.00% to 1.25%
The emergency move is designed to shield the world's largest economy from the impact of the coronavirus
Published : March 03, 2020 08:46 PM IST

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