Fed Feels Heat to Pump Out More Loans, Go Past Crisis-Era Rules
“The U.S. Federal Reserve is facing increasing pressure to go well beyond its crisis-era play book and dramatically boost its support for the nose-diving economy via new lending programs for businesses and state and local governments. Proponents of the more aggressive measures argue that the Fed needs to open up the spigots to help offset a coronavirus-driven cash crunch that threatens to force firms to shut down and push state and local finances to the breaking point.”
Pound Slides to Weakest Since 1985, Surpassing Brexit Vote Lows
“The pound fell to its lowest level against the dollar in over three decades on the shocks caused by the coronavirus. Investors have doubted the U.K. government’s response to the virus, which has contrasted with more immediate lockdown measures across Europe. Sterling has also suffered due to heightened global demand for the greenback, with a gauge of the dollar up a seventh straight session.”
U.S.-China Ties Are Tanking Just When They Need to Get Along
“The unfolding coronavirus pandemic could’ve been a moment for the U.S. and China to tackle a shared challenge. Instead, it appears to only be accelerating a long-anticipated separation. China struck the latest blow Wednesday with the unprecedented expulsion of more than a dozen American journalists covering Beijing for the New York Times, the Wall Street Journal and the Washington Post. The provocation comes as part of a tit-for-tat exchange in which the governments of both President Donald Trump and China’s Xi Jinping seek to deflect blame for how they’ve handled the outbreak.”
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.