QE4 Begins: Fed Cuts Rates, Buys $700B in Bonds; Bitcoin Rallies 7.7%

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Crypto New Media Press

The Federal Reserve decided it had to act quickly and severely to cut rates on Sunday, slashing the target fed fund rates — the interest depository institutions charge one another overnight for reserves — to between 0.0 and 0.25 percent. The full percentage point cut was four times more than its usual move. The Fed’s […]

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