The US Federal Reserve has said it will slash interest rates to nearly zero and announced sweeping actions to support financial markets that have been dealt a severe blow by the coronavirus outbreak.
The central bank said on Sunday afternoon that it will cut the federal funds rate by 1 percentage point to a range of 0 per cent to 0.25 per cent. The move brings the rate to the historic low that was first set during the global financial crisis.
Its decision came as part of a broad package of measures that seeks to cushion the blow from the Covid-19 outbreak that has severely weighed on the global economy.
您已閱讀51%（608字），剩余49%（583字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。