Financial News for the Week of March 27, 2020

HIGHLIGHTS OF THE WEEK Another eventful week for financial markets as they digested the news that Congress had agreed to a giant $2 trillion relief bill. Stimulus is sorely needed, with more than three million Americans filing for unemployment insurance benefits last week. The unemplo
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Financial News for the Week of March 20, 2020

HIGHLIGHTS OF THE WEEK Markets continued to see losses this week as the COVID-19 outbreak intensified. Investors made a dash for cash, resulting in tightening financial conditions. The Fed reacted quickly, cutting the target range of the federal funds rate by a full percentage point t
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Financial News for the Week of March 13, 2020

HIGHLIGHTS OF THE WEEK Wild gyrations in financial markets continued this week, with equity indexes seeing their biggest one-day drops in several decades. Policy announcements were the other theme of the week. In Europe, the Bank of England and European Central Bank announced new meas
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Financial News for the Week of March 6, 2020

HIGHLIGHTS OF THE WEEK The Fed viewed the spread of COVID-19 as having a ‘material’ impact on the economic outlook and made an emergency intermeeting rate cut of 50 basis points to proactively support the economy. A few other central banks also cut rates. Economic data confirmed that
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