Federal Reserve

The Federal Reserve Bank of New York announced Wednesday that it would increase its lending in short-term funding markets in an attempt to calm investors’ fears as the coronavirus wreaks havoc in the financial markets.

The cut was the first move to take place outside the BoE's normal schedule since the 2008 financial crisis

The announcement comes as financial markets are in turmoil due to concerns about the fast-spreading coronavirus.

Trading in interest-rate futures tracked by the CME Group indicates a 50 percent chance the Fed will slash rates another 50 basis points when its monetary policy committee meets on March 18, mirroring the emergency cut on March 3

Record-low mortgage rates means easy money, faster loan payoffs.

The New York Fed president said the virus will have near-term effects on the U.S. economy.

The Fed aims to level the playing field for banks.

Mortgage rates started falling weeks before the Fed’s emergency rate cut. By reducing the federal funds rate, the Fed is playing catch-up, following the lead of the market forces that set mortgage rates.

A report by the Federal Reserve will provide the first snapshot on how deeply the coronavirus is impacting supply chains and economic outlook.

LendingTree CEO Doug Lebda admitted he's talked to business owners who say coronavirus is having "a major, major impact" on them, especially if their companies' supply chains are in Asia.

Powell acknowledged the rate cut would not fix a broken supply chain in China but said it could help insulate the economy from potential slowdown.

In an emergency action on Tuesday, the Federal Reserve announced a 50 basis-point reduction in its benchmark federal funds rate.

Three top minds on Wall Street weigh in on the Fed's emergency rate cut.

Emergency interest-rate cuts by the Federal Reserve have historically been a boon for gold prices.

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The central bank lowered its benchmark fed funds rate by 50 basis points, the largest reduction since the 2008 financial crisis.

Stocks snapped a seven session losing streak on Monday

Powell pledged last week that the Fed would be ready to act to support the economy

Goldman Sachs sees the Fed cutting its key interest rate by 50 basis points in March and by another 50 basis points by June.

Experts expect the Fed to cut interest rates at the March meeting or perhaps even sooner.