Mumbai (Maharashtra) [India], Mar 16 (ANI): Equity indices plunged by nearly 7 per cent during the afternoon on Monday as the coronavirus pandemic showed no signs of ebbing and the US Federal Reserve cut interest rates to near-zero a day earlier to help shore up the world's largest economy.
Mumbai (Maharashtra) [India], Mar 16 (ANI): Equity indices nosedived by nearly 4.5 per cent during early hours on Monday amid the rapidly escalating global coronavirus pandemic even though the US Federal Reserve cut interest rates to near-zero a day earlier to help shore up the world's la
Washington DC [USA], Mar 16 (ANI): The US Federal Reserve has announced it would cut its target interest rate to near zero as part of the emergency action to support the US economy from the impact of the coronavirus pandemic.
Washington DC [USA], Aug 1 (ANI): The Federal Reserve on Wednesday cut down its interest rates -- for the first time since the 2008 financial crisis -- by a quarter percentage point in an attempt to ward off the possibility of an economic downturn.