English, asked by sushma1928, 11 months ago

What was their surprise move

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Answered by tmohanty521
1

Answer:

WASHINGTON - In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus.It was the Fed's first rate cut since last year, when it reduced its key short-term rate three times.

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