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*** Federal Reserve cut rates inter-meeting.....>

FED
FED: *** Federal Reserve cut rates inter-meeting for the first time since 2008
as they cut the target rate by 50bps to 1.00-1.25%. The Fed cite coronavirus,
adding that is "poses evolving risks to economic activity".
- Fed chair Powell is due to hold a press conference at 1100ET/1600GMT.
- Treasury yields crushed, equities suitably higher in response.

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