Markets lose hope despite Fed intervention

Lewis McLellan,

Sam Kerr, Tyler Davies

March 16, 2020 02:00 PM

Powell_fed_PA_575x375_March162020 — 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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Topics

SSA Equity IPOs Equity Americas Corporate Bonds People and Markets Market News Coronavirus Sovereigns SSA People and Markets FIG People and Markets United States Corp People and Markets North America FIG Equity People and Markets

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Lewis McLellan

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Sam Kerr

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Tyler Davies