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From the fed the latest selloff following the federal reserve's decision yesterday to slash interest rates to sharp economic growth more and more governments are imposing anti virus controls that are shutting down business and travel let's get the latest now it's got to New York and check in with Christine Romans the federal reserve slashed interest rates to near zero to support the economy during a corona virus pandemic president trump has repeatedly attacked the fed pushing it to cut rates Sunday he said the move is great for the country and emergency rate cut failed to calm investors in fact it did the opposite futures immediately dropped the five percent limit overnight hitting limit down meaning they can't fall any further the economy is going to a halt on purpose to fight the spread across Arizona could throw the U. S. into a recession Goldman Sachs downgraded its growth forecast for the U. S. zero percent for the first quarter down five percent in the second quarter

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