Analysis: Why the Fed Is Likely to Cut Again
The reasons the central bank reduced rates help explain why another cut is probably on the way.
House Passes $8.3 Billion Bill to Battle Coronavirus
The House passed a roughly $8.3 billion emergency spending package for combating the coronavirus outbreak, sending the legislation to the Senate as lawmakers raced to respond to the quickly spreading outbreak.
Stocks Rally as Super Tuesday Results Buoy Health Insurers
U.S. stocks surged Wednesday as a strong Super Tuesday performance by former Vice President Joe Biden and growing signs of a coordinated response to the coronavirus reassured jittery investors.
Australian Treasury Expects Virus Impact In Second Quarter
Treasury Secretary Steven Kennedy told Parliament that the coronavirus will shave "at least" 0.5 percentage points from GDP growth in the first quarter, with costs likely to continue into the second quarter.
Fed's Beige Book Shows Coronavirus Weighing On U.S. Firms
The economic repercussions of the coronavirus outbreak weighed on U.S. businesses last month, with manufacturing industries particularly affected, according to a Federal Reserve report.
Russia Opposes Saudi Plan for Drastic Oil Cuts
Russia opposed a Saudi plan that would ask OPEC and its allies to make drastic crude-production cuts, people familiar with the matter said, as the coronavirus epidemic further erodes demand amid a global oil glut.
Fed's Bullard Tells Bloomberg TV March Rate Cut Isn't a Done Deal
The St. Louis Fed president said investors shouldn't be so certain the central bank will lower rates again at its policy meeting later this month.
Fed Rate Cut Puts ECB in Hot Seat
The Federal Reserve's surprise decision this week puts the European Central Bank under pressure to act as the eurozone's already lethargic economy creaks under the spreading coronavirus epidemic.
U.S. Service Industries Feel Weight of Coronoavirus Uncertainty
Concerns about the novel coronavirus epidemic clouded the outlook in February for U.S. businesses in service industries, posing a new risk to economic growth.
Treasury Secretary Mnuchin: Coronavirus Is 'Going to Affect the Next Year
Treasury Secretary Steven Mnuchin differentiated the economic impact of the coronavirus from the 2008 financial crisis.