Additional headlines are crossing the wires from the Dallas Fed President Robert Kaplan, as he says that its too soon to judge what the Fed will do at the March meeting.
Further comments
A week is an eternity in this situation.
Will be watching the path of diagnosed cases, will factor that into march meeting decision.
This is not the time to be making long term prognostications.
Has ramped up conversations with business contacts to understand how companies, consumers might react.
What companies are doing now is trying to understand the ‘demand’ aspect of coronavirus effect.
In January thought US GDP could grow 2.25% or more this year.
Severe deterioration is likely, could last a quarter or a quarter and a half.
Economic forecasts to be released in March will look different than they did in December.
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