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Treasury Yields Hit New Lows

Tuesday, March 3rd, 2020

Federal Reserve Chairman Jerome Powell signaled on Friday that the central bank is prepared to cut interest rates if needed. “The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity,” Mr. Powell said in a statement released Friday afternoon. “The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.” The Fed used similar language last June to indicate it was prepared to cut interest rates if needed after the U.S.-China trade war threatened to aggravate a […]