The Federal Reserve took emergency action to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds.
The British economy would expand by only 0.8 percent this year, the Bank of England said, down sharply on its previous 1.2-per cent forecast.
The fallout from the 2008 global financial crisis refuses to go away and now leading economists may be looking to upend traditional neoliberal economic policy.
Stocks are slipping in early trading on Wall Street as traders hold back ahead of an interest rate announcement from the Federal Reserve.
The bank lowered its one-week repo rate 325 basis points from 19.75 percent to 16.50 percent.
Finance and Treasury Minister Berat Albayrak says over $10 billion in foreign investments entered Turkey since May, and the Turkish economy will grow "positively this year."
The Fed's move came despite President Donald Trump's attacks in recent weeks on its rate hikes and on Chairman Jerome Powell personally.
The US Federal Reserve kept the benchmark lending rate unchanged, highlighting the continued strong performance of the economy but also pointing to a slowdown in business investment.
The second rise in three months comes in the wake of steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.
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