Markets were set for another chaotic session on Monday after many of the world’s major central banks joined in an emergency round of policy easing aimed at cushioning the impact of the coronavirus on economies. The U.S. Federal Reserve cut rates to a target range of 0% to 0.25% and said it would expand its balance sheet by at least $700 billion in coming weeks. Five other central banks also cut pricing on their swap lines to make it easier to provide dollars to their financial institutions facing stress in credit markets. …read more
Source:: Yahoo Finance
