Federal Review: April 2020
The rise of the COVID-19 Pandemic has wreaked tremendous havoc on the world’s economies and most financial markets. Investors have found few places to hide as many remain uncertain and operating primarily from their homes with shelter in place mandates being the norm. One of the few bright spots has been the quick and we think strong response from the U.S. Federal Reserve. The CARES act along with some smaller fiscal measures have helped to calm some investor angst, but it seems to be the Fed that has taken charge and given the market something to hang on to. They were quick to not only cut interest rates back in March, but to also announce a host of programs to help the economy, markets and businesses regain their collective footing.
Click on the link below to read about the federal and fiscal programs’ impact on fixed income.
