Federal Reserve Lowers Rates 0 – 0.25%

• March 16, 2020
• realestate
• Announcements, Business & Markets, Real Estate Finance, Updates, Your Real Estate Life

In a dramatic step Sunday meant to make borrowing as cheap as possible for American households and businesses as the coronavirus brings the U.S. economy to a near standstill, The Federal Reserve made its second emergency cut in two weeks, slashing 1% off its benchmark rate, and renewed a program to buy $500B in Treasury Note purchases and $200B in MBS purchases. Cuts banks’ reserve ratios in an effort to bolster the economy as the coronavirus that causes COVID-19 spreads in the U.S