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IPFS News Link • Federal Reserve

Fed to pump in more than $1 trillion in dramatic ramping up of market intervention -

• https://www.cnbc.com by Jeff Cox

The Fed announced a bold new initiative in an effort to calm market tumult amid the coronavirus meltdown.

In all, the new moves pump in up to $1.5 trillion into the financial system in an effort to combat potential freezes brought on by the coronavirus.

This was the second day in a row and the third time this week the Fed has stepped in. 

Stocks staged a sharp turnaround from earlier losses, though some of those gains were pared.


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