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US Federal Reserve cuts interest rates to target range of 0-0.25 pc amid COVID-19 outbreak

US Federal Reserve cuts interest rates to target range of 0-0.25 pc amid COVID-19 outbreak

Mar 16, 2020, at 10:32 am

Moscow/Sputnik/UNI: The US Federal Reserve System has said in a statement that it lowered the target range for the federal funds rate to 0-0.25 percent in the wake of the coronavirus disease (COVID-19) pandemic.