"Fed cuts rates by 50 basis points amid coronavirus concerns"

From Yahoo Finance:

The Federal Reserve cut interest rates by 50 basis points in an impromptu meeting on Tuesday as a response to the coronavirus. 

The Fed said the “fundamentals of the U.S. economy remain strong” but that the coronavirus “poses evolving risks to economic activity.”

Fed Chairman Jerome Powell will be holding a press conference at 11 a.m.

The decision was unanimous among the Federal Open Market Committee members....MORE

We'll be back after the press conference.