[stock-market-ticker symbols="AAPL;MSFT;GOOG;HPQ;^SPX;^DJI;LSE:BAG" stockExchange="NYSENasdaq" width"100%" palette="financial-light"]

Fed Cuts Rates To Zero

By CDM Staff

March 15, 2020

No Comments

Fed cuts rates to zero — *Image by Anita Mishra*

This story is developing...

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.

Breaking: Fed cuts rates to near zero and will purchase $500 billion in Treasurys, $200 billion in mortgage-backed securities, citing economic disruptions from coronavirus https://t.co/JYq82JRaHG
— The Wall Street Journal (@WSJ) March 15, 2020

SHARE THIS ARTICLE

Federal Reserve interest rates

Author

CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."