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Tuesday, Jan 26, 2021

Coronavirus fears outweigh US Fed’s surprise rate cut as stocks plunge nearly 3 per cent

Coronavirus fears outweigh US Fed’s surprise rate cut as stocks plunge nearly 3 per cent

Half-percentage point emergency cut is the largest since the 2008 financial crisis amid growing concerns that the virus poses an outsize threat to the economy. US stock markets plummet as uncertainty caused by Covid-19 outweighs stimulus
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