FLreports

NEWS: Federal Reserve acts on a Sunday evening to slash rates to near zero March 15, 2020 at 09:01PM

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Federal Open Market Committee
– cut interest rates for the second time in less than two weeks
– emergency move
– “The effects of the coronavirus will weigh on economic activity in the near term and pose risks to the economic outlook. In light of these developments, the Committee decided to lower the target range

GBP/USD increased near 200 pips on the back of the news:


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