In an emergency move on Sunday, March 15th, 2020, the Federal Reserve announced that it dropped its benchmark interest rate to zero, the new fed funds rate is now targeted at 0 – 0.25% down from the previous target range of 1.00 – 1.25%. The Fed’s decision was a result of the coronavirus outbreak harming […]
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On March 13th, 2020, President Donald Trump declared a national emergency concerning the novel coronavirus outbreak. The announcement included measures needed to contain and combat the virus in the U.S, including freeing up funds and other resources and lowering legal barriers for responding to the pandemic. This permits tapping into an account that currently has […]
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The Federal Reserve cut rates 50 basis points to 1.00 – 1.25% on Tuesday, March 3rd, 2020, in an attempt to give the U.S. economy a jolt. This cut comes after concerns about the coronavirus outbreak and is the first unscheduled and biggest one-time emergency rate cut since 2008. The fundamentals of the U.S. economy […]
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