The Federal Reserve cut interest rates to between 0. 00% and 0. 25% on Sunday as it announced the launch of a $700bn stimulus programme to help counter the impact of the coronavirus pandemic.
Tristel will almost certainly benefit from demand for disinfection products amid the growing panic over the coronavirus, the Mail on Sunday's Midas column said.
The US Federal Reserve last night slashed its main interest rate by a full percentage point to near zero and said it would buy huge amounts of government bonds in a drastic bid to protect the US economy from the coronavirus outbreak. The Fed will keep interest rates at rock-bottom “until it is confident that the economy has weathered recent events” it said in an unscheduled statement. The second emergency cut in less than a week brings rates back to the same level as they were in the wake of the 2008 financial crisis.
US stocks closed markedly higher on Friday following the Dow’s worst day since Black Monday in 1987 in the previous session.
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