Federal Reserve cuts benchmark interest rate to almost zero
The Central bank of the United States-the Federal Reserve has recently cut its benchmark interest rate to almost zero.
The Fed Reserve also announced that it would buy USD700 billion in bonds to ease the economic activities. The bank also said that it shall maintain this target range until the economy is on track to achieve its maximum employment and price stability goal.
Topics: Economy of the United States • United States • United States Federal Reserve
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