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Federal Reserve goes all out

Federal Reserve cuts rates and restarts asset purchases
16 March 2020
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    Key takeaways

    • The Fed cut the funds rate by 100bp and committed to at least USD 700bn of asset purchases in the “coming months”
    • The moves reflect the COVID-19-driven worsening in the economic outlook and a tightening of financial conditions
    • The Fed’s action follows those from the ECB and Bank of England, which both delivered comprehensive easing packages