The US Fed cites coronavirus as it cuts rate
Federal Reserve issues FOMC statement
The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent. The Committee is closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Patrick Harker; Robert S. Kaplan; Neel Kashkari; Loretta J. Mester; and Randal K. Quarles.
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News in: Political Risk & Macro (United States)
The hard choices geopolitical tensions will force on Chile's mining sector
Demand for Chilean minerals will remain high, but decisions about where to send them are looming.
SBA Communications optimistic on Brazilian business environment under Lula
“I think for us, it’s going to continue to be kind of a good business environment, without a lot of policy changes,” CEO Jeff Stoops told investors...
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Other projects
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Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Sociedad Química y Minera de Chile S.A. (SQM)
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Sociedad Química y Minera de Chile S.A. (SQM) is a Santiago-based non-metallic miner engaged in the production and distribution of specialty fertilizers. The company operates in...
- Company: Pomagalski S.A. (Poma)
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Pomagalski S.A. (Poma) is a French group engaged in the design, building, installation of transportation systems for specific industries, with a special focus on ropeway systems...
- Company: Cordoba Minerals Corp. (Cordoba Minerals)
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Cordoba Minerals Corp. is a Toronto-based resource exploration company focused on the acquisition, exploration, and development of precious and base metal properties. The firm i...
- Company: Cabot Corporation (Cabot)
- Company: Exterran Energy de México S.A. de C.V. (Exterran Energy de México)
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Exterran Energy de México is the local entity of Exterran Corporation, an international full-service provider of turnkey infrastructure solutions for the midstream hydrocarbon s...
- Company: Oil Malal
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Ignis Partners, S.L. (Ignis Energía)
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: TermoAndes S.A. (TermoAndes)
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TermoAndes is a power producer that operates a combined-cycle natural gas plant in Argentina's Salta province. The facility started operations in 1999 and has capacity to produc...
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