Fed To Offer Huge Credit Help To Stem Economic Losses
PYMNTS
MARCH 23, 2020
David Joy, chief market strategist with Ameriprise in Boston, said while he applauds the Fed for trying, it simply won’t be enough. The recession talk is getting worse, including the St. Louis Fed president (on Sunday) saying unemployment could be 30%. A lot of companies are cutting estimates this morning.
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