This story is developing...
The Federal Reserve Bank of the United States just announced more asset purchases beyond short term Treasuries in order to provide financial liquidity to companies as business conditions essentially halt and markets crater due to the Chinese coronavirus.
The Fed also announced $1.500B in new liquidity for the financial system in 3 month repo operations.
However, there was no mention of the dreaded 'QE'.
Subscribe to our evening newsletter to stay informed during these challenging times!!
