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Fed Cuts Rates To Zero

Fed cuts rates to zero
Image by Anita Mishra

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The Federal Reserve Bank of the United States has cut the Fed Funds short term interest rate to 0.0-0.25%. The central bank will also be buying additional securities…$500 billion in US Treasuries, and an additional $200 billion in MBS (mortgage backed securities) to add liquidity to the general economy.

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