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Rate cut impact on coronavirus - AJC

Posted By: Jason Moss MFG NEWS NETWORK ,

 

Great article from March 03, 2020 - The Atlanta Journal-Constitution

An indepth look at hwo the rate cut has impacted Atlanta's economy from  Michael E. Kanell,

 

The Federal Reserve on Tuesday reacted to the spreading coronavirus outbreak by announcing a dramatic cut in short-term interest rates, but the emergency move is of limited help to a vulnerable Atlanta economy, experts say.

The nation’s central bank sliced its benchmark rate by a half-percentage point, hoping to insulate the U.S. economy from possible damage caused by the outbreak. The cut, the Fed’s largest since.... SEE FULL ARTICLE HERE