Tag: COVID-19

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Fed Makes Emergency Rate Cut Amid COVID-19 Panic, Experts Doubt It Can Fix Supply-Demand Crisis

Fed Makes Emergency Rate Cut Amid COVID-19 Panic, Experts Doubt It Can Fix Supply-Demand Crisis

by Darius Hawthorne

The Federal Reserve made an emergency 0.5% rate cut on March 3, 2020, to combat COVID-19’s economic fallout — but experts warned interest rates couldn’t fix broken supply chains or frozen consumer demand.

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