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-0.00102986611740472 -0.00102986611740472 -0.00411946446961904 -0.00926879505664262 -0.00411946446961904 -0.0175077239958805 -0.00102986611740472 0.00617919670442848
Stock impact report

Fed to buy junk bonds, lend money to states [MSN Money]

Barclays PLC (BCS) 
Company Research Source: MSN Money
© Basri Sahin / GettyAs new evidce of the economic toll from the coronavirus pandemic floods in, the Federal Rerve unleashed another round of emergcy measur, including a pledge to provide support to risky corners of financial markets that have be some of the hardt hit.Load ErrorThe Fed said Thursday it will invt up to $. trillion in loans to aid small and mid-sized busins and state and local governmts as well as fund the purchas of some typ of high-yield bonds, collateralized loan obligations and commercial mortgage-backed securiti.The money com on top of the massive stimulus that the Fed had already announced and it thrusts the institution into the sort of speculative lding activiti it had shunned in the past -- underscoring the risks that Chairman Jerome Powell is willing to take to shore up the economy.Forcefully, Proactively“We will continue to use the powers forcefully, proactively, and aggrsively until we are confidt that we are solidly on the road to recovery,’ he said in a spe Show less Read more
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