U.S. Federal Reserve slashes rate to near 0 in effort to offset COVID-19 impact | CBC News
Business·BreakingThe Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak.The Associated Press · Posted: Mar 15, 2020 5:16 PM ET | Last Updated:…