Here are 5 numbers explaining why this week may be a tipping point for the economy: by theothersarahh
President Trump said he will bulk up low-interest loans for businesses who have taken a hit thanks to the coronavirus through the Small Business Administration. An additional $50 billion in loans were said to be effective immediately, but no further details have emerged about the plan. The stock market continued to rise and fall rapidly as investor anxiety worsened in the absence of concrete information.
Another $50 billion in funds was announced Friday afternoon when Trump declared a national emergency. This money would be available for states addressing the growing health crisis.its overnight funding operations—buying “repos,” or repurchase agreements—by $1.5 trillion over two days this week. The move is designed to preserve liquidity in the market; in other words, the Fed wants to prevent “freezes” and make sure buyers and sellers still have the ability to do business.
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