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Mar 16, 2020

Emergency Fed action fails to soothe markets

Global markets fall despite the Fed cutting interest rates to near zero. Airlines slash capacity and ask for government support. French perfume brands start producing hand sanitizer.

Global shares are taking a fresh plunge despite coordinated action from central banks to shore up the global economy.
Global shares are taking a fresh plunge despite coordinated action from central banks to shore up the global economy.
Mario Tama/Getty Images

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