Company News 

Seven Days: 27 March 2020

Seven Days: 27 March 2020

Major US stimulus

$2 trillion package

At the time of going to press, Washington had just reached agreement on a $2 trillion (£1.7 trillion) fiscal stimulus package to safeguard the US economy. This followed on from a pledge by the US's Federal Reserve on Monday 23 March to buy an unlimited number of treasury bonds. The Federal Open Market Committee (FOMC) will continue with its asset-purchasing scheme “in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy”. The Fed is also buying up corporate bonds. 

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now