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'Whatever it takes': Here's what 4 experts are saying about the Fed's surprise rate cut
The Federal Reserve slashed interest rates by 50 basis points to between 1% and 1.25% on Tuesday in an effort to shore up the US economy against the growing threat of coronavirus. The central bank said the epidemic "poses evolving risks to economic activity" and the cut would help to maximize employment and stabilize prices. Here's what four experts said immediately after the Fed made its move: • Naeem Aslam, chief market analyst at AvaTrade: "The Fed has proved today that it is willing to do whatever it takes to keep the bull market alive. I think the flood gate is wide open and other central banks like the Bank ... (full story)
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