It’s unclear if yesterday’s emergency 50-basis-point cut in interest rates by the Federal Reserve will help immunize the US economy against coronavirus-related blowback. Meanwhile, a rise in reported cases of covid-19 on a global basis remains the baseline forecast, based on today’s update of CapitalSpectator.com’s modeling (see today’s revised outlook below).
Joe Biden enjoys stunning comeback in Super Tuesday voting: CNN
Fed cuts target interest rate by 1/2 point to combat coronavirus: CNBC
China services economy effectively ground to a half in Feb: IHS Markit
Japan slipped into recession in February via PMI survey data: IHS Markit
Eurozone shows a bit of resilience with modest growth in Feb: IHS Markit
10-year Treasury yield falls under 1.0%–a new record low: CNBC