The US Federal Reserve, as part of a global coordinated effort, have lowered interest rates to 0% which is a level not seen since 2015. In conjunction with this the Fed announced they would be including $700Bn buys of US Treasuries to prop up this essential market. This move is part of a global coordinated effort from central banks to pump monetary stimulus into the economy to stabilise markets against the fear that the global economy is shortly going to enter a recession.