The shift to more aggressive containment measures this week has prompted us to lower our forecast for GDP growth this year to just 0.6%. In response, we expect at least a 50bp rate cut by the Fed next week and possibly a resumption of large-scale QE too. That action should soon be supplemented by a major stimulus package from Congress.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.