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UPDATE 2-Markets bet Fed is pushed to cut rates in coronavirus response [Reuters]

IHS Markit Ltd. Common Shares (INFO) 
Last ihs markit ltd. common shares earnings: 3/24 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.ihsmarkit.com
Company Research Source: Reuters
Markets bet Fed is pushed to cut rates in coronavirus response (Reuters) - Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus, although one official cautioned against expecting the central bank to over-react to short-term market moves. U.S. interest rate futures surged to their highest levels since last fall as evidence the virus was spreading further outside its original epicenter of China spurred a global sell-off in stocks and panicked buying of government bonds. Wall Street recorded its biggest sell-off in two years. The federal funds futures contract tied to the Fed’s July policy meeting FFN0 reflected a roughly 85% probability the central bank’s benchmark overnight lending rate would be at least a quarter percentage point lower after that meeting’s conclusion, according to the CME FedWatch tool. A month ago that was seen as a roughly 50-50 prosp Show less Read more
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