While this week’s Fed meeting lacked any of the Fed fireworks we have seen over the past two months, Fed Chair Jerome Powell again spoke forcibly, stating, “we are committed to using our full range of tools to support the economy in this challenging time, we are going to use them forcefully, proactively and aggressively until we are confident that we are solidly on the road to
And those tools, or the Fed’s big stick in this case, have been the wide swath of lending facilities announced that have cajoled markets back into a more-normal state of operation—even as most of them aren’t even up and running, while others stand barely used.
3 Cyclical sectors lead U.S. equity rebound
3 The cost of Canada’s pandemic response
4 UK banks hit by impairment charges
4 China’s manufacturing undercut by low demand abroad