Stock markets stumble, rates volatile as fear of virus fallout clouds Wall Street

This week saw the worst day for Wall Street since 1987 and trillions of dollars of stimulus being pumped into the economy, leaving investors and Americans wondering what twist would be around the next turn.

The continued fear of the spread of coronavirus COVID-19 has led to extensive economic fallout, which is likely just beginning. Sunday’s announcement by the Federal Reserve that it was dropping the federal funds rate down to 0% sent shockwaves through the mortgage industry because of what was different.

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via Naza Finance Blog