Federal Reserve enters new territory with support for risky debt

Federal Reserve enters new territory with support for risky debt

The Federal Reserve has jolted credit markets by expanding the scope of its support measures, announcing plans to buy debt issued by riskier companies in a radical addition to its crisis-fighting toolkit. The Fed will not purchase high-yield bonds directly, but will buy shares in exchange traded funds that own the debt and seek to […]

The US is already in a recession, 45 economists say

The US is already in a recession, 45 economists say

The economists predict a sharp, short recession for the first half of 2020 as the coronavirus pandemic “severely restricts economic activity,” the survey from the National Association for Business Economics found.Economic growth likely fell at a rate of...