Fed cuts rates by half point
Jason2020-03-03T11:47:34-05:00March 03, 2020 Based on the Federal Open Market Committee (FOMC) assessment, the U.S. economy remains robust, however the coronavirus poses sprouting risks to activity within the economy. The FOMC lowered the target range for the federal fund rate by 0.5%e point to 1% – 1 ¼% to support achieving its maximum employment and