U.S. manufacturing contracts; private payrolls post first drop since 2017
U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists’ views that the economy was in recession.
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Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero
The coronavirus crisis has brought another first to U.S. financial markets — negative yields on government debt.
The post Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero appeared first on Worthy Christian News.
Federal Reserve Launches Assets Purchases Program to Stabilize Markets
The Federal Reserve unveiled a host of programs on Monday in order to stabilize the markets in the midst of the coronavirus crisis.
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Fed announces more emergency moves to stem dollar, liquidity strains
The U.S. Federal Reserve continued to roll out emergency support on Friday as it enhanced efforts with other major central banks to ease a global dollar-funding crunch, backstopped a market essential for U.S. state and local government finances and ram…
Fed will make up to $4 trillion in loans to businesses to rescue the U.S. economy, Mnuchin says
Treasury Secretary Steven Mnuchin said Sunday that the Federal Reserve will play a key role in lending funds to businesses hurt by the coronavirus pandemic.
The post Fed will make up to $4 trillion in loans to businesses to rescue the U.S. economy, Mnu…
Will the Coronavirus bring the end of cash? Could this crisis introduce Central Bank cryptocurrencies?
The ongoing spread of the coronavirus has spurred government agencies to warn its citizenry against the use of paper currency and coins. Meanwhile, Central Banks around the world are considering the use of cryptocurrency in the future.
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