The Fed just issued an emergency rate cut for the first time since the financial crisis — and it's a signal of just how desperate the US economic situation has gotten amid coronavirus

11:00am PST - March 3rd, 2020    coronavirus cure - Business Insider

The Federal Reserve lowered interest rates by 50 basis points on Tuesday to boost the economy amid coronavirus panic. It's the first emergency rate cut and the largest one-time cut since the financial crisis. The action shows just how big a threat the coronav…