In recent days, the US Federal Reserve has
to fight the fast-moving economic and financial shock caused by the coronavirus epidemic — cutting interest rates close to zero, ramping up asset purchases and easing capital rules to give banks more flexibility to extend credit to households and businesses.central bank invoked emergency powers to launch a new program that will seek to unfreeze a $1 trillion marketfrom highly rated borrowers.
But like other funding markets, there's been a breakdown in recent days, raising fears that coronavirus-ravaged companies would lose access to credit just as they need it most. That would have a cascading effect, forcing cash-strapped businesses to lay off workers and scrap spending plans. "The commercial paper market has been under considerable strain in recent days as businesses and households face greater uncertainty in light of the coronavirus outbreak," the Fed said in a statement.In a note to clients, Goldman Sachs' chief economist Jan Hatzius called the move a return to the"crisis-era playbook" — and predicted that more emergency measures to keep credit flowing could be on the way.
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Dow Jones Futures plunge and hit ' limit down' as extreme trading continues.
sanitizing station 😎 DowJones wallstreet coronavirus
Why not just close all stockmarkets since most companies are closed anyway?
Why is the Market even open?
It’s going to hit 10000. Get your money out.
Play’s a prominent roles
Stop being surprised. It will be under 10k by June then it will go back up once we get the ok to start working again
TrumpRecession ！
guess Trump's asinine tweets this morning didn't help takeawayhisphone
The market should have closed a week ago
So this is the TRUMP SLUMP? Thanks for its hard work for blaming others!
Translation: a lot of really rich people are somehow making a shit ton of money.
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