Federal reserve board – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Virus spread prompts Fed to slash rates in surprise move https://uat-cumulus.benefitscanada.com/canadian-investment-review/research-markets/virus-spread-prompts-fed-to-slash-rates-in-surprise-move/ Tue, 03 Mar 2020 07:40:07 +0000 https://cumulus.benefitscanada.com/uncategorized/virus-spread-prompts-fed-to-slash-rates-in-surprise-move/ In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizeable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some […]

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