March 3, 2020—The Federal Reserve cut their short-term interest rate target by 50 basis points to a target range of 1.0–1.25%, the lowest since December 2017, in response to the economic risk coming from the spread of the new coronavirus and the disease it causes, COVID-19. The next scheduled Fed meeting was not until two weeks from now, on March 17-18, so this was done as an emergency meeting, most likely via conference call. Emergency meetings like this are rare, but not unprecedented.
Continuing to bring you timely and relevant financial and planning topics during today’s challenging economic and social climates
February 25, 2020 — The spread of the novel coronavirus COVID-19 has gripped the globe, risking lives and spreading fear even faster than the virus itself. From an investment perspective, we have been following the progression from its believed origin in the Hubei province of China to roughly 36 other countries and anticipating the economic and market ramifications.
February 11, 2020 —This is the fourth in a series on the continuing coronavirus outbreak (Coronavirus Concerns: Monitoring the Risks Closely, but Not Reacting in Portfolios Yet, 1/28; Coronavirus update: Hold the Line 2/3; Coronavirus Disruptions—Which Industries Have Been Hurt Most? 2/5).