Confirmed cases of coronavirus disease in the US have expanded dramatically, from only 100 just two weeks ago to more than 3,300 now. As the disease spreads, the Federal government has declared a national emergency and released $50 billion in aid for States and territories to fight the viral outbreak. At the same time, the Federal Reserve cut its key interest rate back to near-zero, and announced that it will initiate a $700 billion program of quantitative easing.The governmental moves, welcomed by the business community, have at best only partially stemmed the feeling of panic in the general public. Grocery …read more
Source:: Yahoo Finance
