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The Federal Reserve cut interest rates by the largest amount since the 2008 financial crisis, but the emergency move failed to mollify investors worried about the coronavirus epidemic.
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Ohio is getting a great deal when it borrows money. The Office of Budget and Management reports the state just received the lowest rate on financing on…
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The vote to nudge benchmark interest rates higher was unanimous, the central bank says. The rate moves from the current 0.25-0.50 percent to a range of 0.50 and 0.75 percent.