Fed Urged to Deliver More Aid/Relief to Small and Medium-sized Businesses Struggling Because of the C-19 Chaos

Fed Urged to Deliver More Aid/Relief to Small and Medium-sized Businesses Struggling Because of the C-19 Chaos

#Fed #lending #MainStreet #aid #relief #money A bipartisan Congressional panel overseeing the implementation of some coronavirus aid/relief programs urged the Fed and US Treasury to take more risk with taxpayer dollars and increase outreach efforts to deliver more aid/relief to small and medium-sized businesses struggling because of the C-19 chaos. The panel’s recommendations Keyed around […]

More Government Support Needed to Bolster US Economy, It is Coming

More Government Support Needed to Bolster US Economy, It is Coming

$DIA $SPY $QQQ $RUTX $VXX The continuing uncertainty brought on by the C-19 coronavirus chaos may hamper the US economic rebound from instant recession, and more fiscal and monetary support will likely be needed, Boston Federal Reserve President Eric Rosengren said Friday. Mr. Rosengren repeated his view that the US unemployment rate will likely be […]

The Market is Calling for Negative Interest Rates, They Will Come…

The Market is Calling for Negative Interest Rates, They Will Come…

President Trump support negative rates. Recall he has said, “Fed should cut rates to ‘Zero or less.’” Forward-looking indicators are seeing the possibility of negative interest rates by the end of this year or the beginning of next year. This is happening despite repeated statements by Fed officials that negative rates are unlikely and undesirable. […]

Fed says, $2.3 trillion in aid might not be enough, is mulling a new plan for non-profits

Fed says, $2.3 trillion in aid might not be enough, is mulling a new plan for non-profits

The Fed is mulling new program for nonprofits. The Fed Thursday said it was making some adjustments to its planned $600-B “Main Street” lending program based on public comments and said it is mulling a separate approach to meet the” unique needs” of non-profit organizations. In a statement, the Fed said 1 adjustment would allow firms […]

The ‘Main Street’ Lending Program, Who Got the Money so Far

The ‘Main Street’ Lending Program, Who Got the Money so Far

$RUTH $SHAK Over 2 wks, the US government pledged $350-B to Main Street businesses across America desperate for cash after coronavirus lockdowns. A picture is emerging of who got the money. More than 25% of the total went to fewer than 2% of the firms that got relief. They include a number of publicly traded […]

US Companies Hammered by the Governments Coronavirus Lockdown Orders

US Companies Hammered by the Governments Coronavirus Lockdown Orders

$DIA $SPY $QQQ $RUTX $VXX US companies have been hammered by the fallout from the novel coronavirus outbreak as economic activity “contracted sharply and abruptly across all regions,” according to the Fed’s Beige Book released Wednesday. The Fed’s latest check of businesses around the country was completed during March when the US went from worrying about […]