The Federal Reserve is launching a lending facility to support short-term commercial debt markets to prevent intensifying funding strains
‘This facility should encourage investors to once again engage in term lending in the commercial-paper market.’
The Democratic primary in Ohio is in chaos. The EU proposes to ban entry at its borders as governments around the world tighten measures against the spread of the virus. Global markets seesaw. WSJ’s Shelby Holliday has the latest about the pandemic. Photo: Uli Deck/Zuma Press
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