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Markets seek Fed rescue as virus fears spark selloff
Global stocks tumble as investors urge central banks including the Fed to cut rates and provide backstop. Analysts warn rate cuts may not heal health crises, with virus containment, tourism declines, and supply chains weighing on economies and company profits.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
U.S
Standard & Poor
Fed
Gene Goldman
Cetera Financial Group
CME Group
Bofa Global Research
Debbie Cunningham
Federated Hermes
Bangkok
Venice
Seoul
Melda Mergen
Columbia Threadneedle Investments
China
Miletti
Wells Fargo Asset Management
Capitol Hill
Lnks
Kathy Bostlancic
Oxford Economics