On March 18th, 2020, Trump signed into law a coronavirus relief package, and the Senate approved the new emergency funding. This economic relief bill will provide paid emergency and family leave for U.S. workers impacted by the illness, free testing for COVID-19, expansion of unemployment assistance, and nutrition assistance. Efforts are underway to enact a […]
COVID-19 & CRE
Dedicated Resource Hub for Coronavirus News & Impacts in the Industry
Results 109–112 of 112
15 Mar 2020
The Fed Cuts Interest Rates to Zero
1 min read
In an emergency move on Sunday, March 15th, 2020, the Federal Reserve announced that it dropped its benchmark interest rate to zero, the new fed funds rate is now targeted at 0 – 0.25% down from the previous target range of 1.00 – 1.25%. The Fed’s decision was a result of the coronavirus outbreak harming […]
13 Mar 2020
President Trump Declares a National Emergency
1 min read
On March 13th, 2020, President Donald Trump declared a national emergency concerning the novel coronavirus outbreak. The announcement included measures needed to contain and combat the virus in the U.S, including freeing up funds and other resources and lowering legal barriers for responding to the pandemic. This permits tapping into an account that currently has […]
3 Mar 2020
The Federal Reserve Slashes Interest Rates by Half a Percentage Point
1 min read
The Federal Reserve cut rates 50 basis points to 1.00 – 1.25% on Tuesday, March 3rd, 2020, in an attempt to give the U.S. economy a jolt. This cut comes after concerns about the coronavirus outbreak and is the first unscheduled and biggest one-time emergency rate cut since 2008. The fundamentals of the U.S. economy […]
Results 109–112 of 112