Markets lose hope despite Fed intervention

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Markets lose hope despite Fed intervention

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March 20, 2019 - Washington, DC, United States of America - U.S. Federal Reserve Chairman Jerome Powell answers a questions during a press conference following the Federal Open Market Meeting March 20, 2019 in Washington, DC. The Federal Reserve announced they will hold interest rates steady and indicated that no more hikes will be coming this year. (Credit Image: © Britt Leckman via ZUMA Wire) | Britt Leckman/Zuma Press/PA Images

An extraordinary demonstration of support from the US Federal Reserve over the weekend has done nothing to lift investors' spirits, with fears about the economic consequences of Covid-19 showing through in equities, credit and even the rates market on Monday morning.

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