{"id":22547,"date":"2020-03-03T13:16:53","date_gmt":"2020-03-03T21:16:53","guid":{"rendered":"https:\/\/lapost.us\/?p=22547"},"modified":"2020-03-03T20:20:50","modified_gmt":"2020-03-04T04:20:50","slug":"federal-reserve-cuts-rates-by-half-percentage-point","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=22547","title":{"rendered":"Federal Reserve Cuts Rates by Half Percentage Point"},"content":{"rendered":"<div class=\"el__leafmedia el__leafmedia--sourced-paragraph\">\n<p class=\"zn-body__paragraph speakable\">The Federal Reserve slashed interest rates by half a percentage point on Tuesday, a bold attempt to give the US economy a jolt in the face of concerns about the coronavirus outbreak.<\/p>\n<\/div>\n<div class=\"zn-body__paragraph speakable\">It was the first unscheduled, emergency rate cut since 2008, and it also marks the biggest one-time cut since then. The new benchmark interest rate is a range of between 1% and 1.25%.<\/div>\n<div class=\"el__embedded el__embedded--standard\">\n<div class=\"element-raw appearance-standard\">\n<div id=\"responsive-embed-20200303-fed-rate-cut-dc2c3ec0-5d77-11ea-b80c-f53123f9454e\"><iframe loading=\"lazy\" class=\"fitframe\" title=\"CNN Graphic\" src=\"https:\/\/ix.cnn.io\/graphr\/graphics\/20200303-fed-rate-cut-dc2c3ec0-5d77-11ea-b80c-f53123f9454e\/index.html?initialWidth=780&amp;childId=responsive-embed-20200303-fed-rate-cut-dc2c3ec0-5d77-11ea-b80c-f53123f9454e&amp;parentTitle=Federal%20Reserve%20announces%20first%20emergency%20rate%20cut%20since%20the%20financial%20crisis%20-%20CNN&amp;parentUrl=https%3A%2F%2Fwww.cnn.com%2F2020%2F03%2F03%2Feconomy%2Ffederal-reserve-rate-cut%2Findex.html\" width=\"100%\" height=\"542px\" frameborder=\"0\" marginheight=\"0\" scrolling=\"no\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<div class=\"zn-body__paragraph speakable\">\n<h3>A bad sign for the economy<\/h3>\n<\/div>\n<div class=\"zn-body__paragraph\">Although the fundamentals of the US economy remain strong, &#8220;the coronavirus poses evolving risks to economic activity,&#8221; the\u00a0<a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20200303a.htm\" target=\"_blank\" rel=\"noopener noreferrer\">central bank said in a statement<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve slashed interest rates&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,7,5],"tags":[],"class_list":["post-22547","post","type-post","status-publish","format-standard","hentry","category-business","category-u-s-a","category-world"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/22547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22547"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/22547\/revisions"}],"predecessor-version":[{"id":22548,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/22547\/revisions\/22548"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}