St. Louis Fed President Bullard: If virus intensifies to global pandemic, Fed might react

Market news

28 February 2020

St. Louis Fed President Bullard: If virus intensifies to global pandemic, Fed might react

Rate cuts "a possibility" if coronavirus outbreak intensifies and turns into a global pandemic
Investors and policymakers are "wise to worry" about potential impacts
Base case is that Fed policy is in a good place, with insurance cuts from last year helping buffer against shocks
The economic impacts of the outbreak will be noticeable in China but will be on a smaller scale elsewhere with temporary disruptions to global supply chains

U.S.: Chicago Purchasing Managers' Index , February 49 (forecast 45.9)

U.S. Stocks open: Dow -2.37%, Nasdaq-2.41%, S&P -2.15%

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