Today the USG Federal Reserve's "Open Market Committee" announced an emergency action to drop their interest rate target by 0.5% in their biggest cut since 2008. This move to cheapen the USD comes after substantial bleeding in US markets last week and escalating panic over a novel corona virus paralyzing the import dependent US "service" economy. The target range for the "Federal Funds Rate" now sits between 1 and 1.25 percent.