Marcus & Millichap

Global Health Crisis Updates

The Global Health Crisis and Commercial Real Estate

Marcus & Millichap is closely monitoring the COVID-19 global health crisis and its effects and will continue to publish frequent reports to keep you up to date. Be sure to speak with your Marcus & Millichap advisor to discuss your investment strategy in this changing environment.

Special Reports

Fox Business: Leveraging Unique, Timely Opportunities
July 17, 2020
Finding the CRE Diamonds in the Rough

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Beyond the Health Crisis: National Economy Special Report
Summer 2020
Reopening the Economy Results in Balancing Act as COVID-19 Cases Surge Alongside Job Gains and Greater Consumer Spending

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Beyond the Health Crisis: Distressed Assets Outlook Special Report
Summer 2020
Investors Eagerly Await Potential for Distressed Assets; Financial Institutions Reopen Familiar Playbook

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Beyond the Health Crisis: Population Mobility Special Report
Summer 2020
Health Crisis Shines New Light on Market Migration, Signaling Potential Changes for Commercial Real Estate

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Assessing the Impact of COVID-19 on Multifamily Assets, Now and Long-Term
July 17, 2020
Coronavirus infections have risen in 41 states over the past two weeks, with Florida, Texas and Arizona especially hard-hit.

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Keeping a Watchful Eye on the Capital Markets
July 10, 2020
Leadership guru Warren Bennis once said, “The manager has his eye on the bottom line; the leader has his eye on thehorizon.”

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Evaluating the Impact of COVID-19 on the Office Market in Cities and Suburbs
June 26, 2020
Uncertainty continues to be the watchword for commercial real estate investors, as states that had recently reopened experience flare ups in coronavirus infections.

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Beyond the Health Crisis: Suburbanization Special Report
June 24, 2020
The global spread of COVID-19 has brought to the forefront questions regarding the future of central business districts.

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Is the Economy Already Recovering?
June 22, 2020
Are we looking at a V-shaped recovery?

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As Consumer Behavior Shifts, What Are the Implications for Commercial Real Estate?
June 19, 2020
Investors enjoyed some positive economic signs this week. Retail sales surged a seasonally adjusted 17.7 percent in May as lockdowns eased.

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Beyond the Health Crisis: Texas/Oklahoma Special Report
June 18, 2020
While some states were slow to reopen, Texas and Oklahoma had fewer infections early on, enabling a phased reopening of their economies in May.

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Beyond the Health Crisis: South Special Report
June 18, 2020
Most Southern states largely avoided the worst of the health crisis before adopting flexible and early reopening plans that could pay dividends for the local economies.

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Beyond the Health Crisis: Northeast Special Report
June 18, 2020
The Northeast region of the United States was especially hard hit by COVID-19 as acute population density fueled a large wave of infections.

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Beyond the Health Crisis: Mountain Special Report
June 18, 2020
Prior to the economic shutdown, the Mountain region’s largest markets were recording strong rates of employment growth and net migration that fueled tenant and buyer demand for commercial properties and residential units.

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Beyond the Health Crisis: Midwest Special Report
June 18, 2020
Lower population density and stay-at-home orders enforced in most states before the new coronavirus reached the Midwest insulated most of the region from a severe impact.

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Beyond the Health Crisis: West Coast Special Report
June 18, 2020
The West Coast has taken a more pragmatic approach to managing the pandemic, staying under lockdown for longer durations than other states while also implementing statewide and local measures that support tenants and businesses.

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Will Distressed Assets Come to Market?
June 15, 2020
Many investors are waiting for a big distressed asset sell-off.

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Assessing the Outlook for Retail as the U.S. Reopens
June 12, 2020
This week Federal Reserve Chairman Jerome Powell said the Fed was committed “to do whatever we can for as long as it takes” to protect the U.S. economy from the fallout of the coronavirus pandemic.

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Three Ways Fiscal Stimulus Helped Boost May Job Growth
June 8, 2020
In a stunning reversal, the US economy added two-and-a-half million jobs in May.

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Cap Alert 6.5.2020

Moderation in the Face of New Challenges
June 5, 2020
This has been an enormously painful and difficult week for a nation already wrestling with the shock of COVID-19. The death of George Floyd in police custody led to widespread anger and peaceful protests, as well as violence and destruction in multiple cities.

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WEBCAST: Special Update Multifamily/Manufactured Housing Investment Outlook
June 5, 2020
Watch the replay discussing a variety of Multifamily/Manufactured Housing topics.
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WEBCAST: Special Update Medical Office Investment Outlook
June 3, 2020
Watch the replay discussing a variety of Medical Office topics.

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Yahoo! Finance Features Marcus & Millichap’s President and CEO Hessam Nadji
June 1, 2020
COVID-19 and the Future of Commercial Real Estate

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Health Crisis Accelerating the Suburban Revival
June 1, 2020
Health crisis could put an end to the live-work play mantra in the urban core, accelerating the suburban revival.

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The Economic Impact of COVID-19 Reverberates Through Asset Classes
May 29, 2020
As some parts of the U.S. inch cautiously toward a new normal, real estate owners and investors are beginning to absorb the shock of the COVID-19 pandemic.

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Beyond the Health Crisis: Office Special Report
May 29, 2020
The long-term impact on office space demand will be uneven in terms of both time and location.

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WEBCAST: Special Update Self-Storage Investment Outlook
Join Marcus & Millichap for a Live Webcast.

May 29, 2020
1pm Eastern/10am Pacific

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Beyond the Health Crisis: Industrial Special Report
May 28, 2020
As the nation attempts to reopen and recover from the COVID-19 pandemic, the industrial sector is likely to face fewer headwinds than some other commercial real estate segments.
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Beyond the Health Crisis: Retail Special Report
May 28, 2020
As shelter-in-place orders abate across the nation, more retailers are opening their doors.
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WEBCAST: Industrial Investment Outlook
May 27, 2020
View the webcast replay now, on demand.
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WEBCAST: Hospitality Investment Outlook
May 27, 2020
View the webcast replay now, on demand.
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Beyond the Health Crisis: Multifamily Special Report
May 27, 2020
The underlying dynamics of the apartment industry remain sound despite short-term challenges.
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Beyond the Health Crisis: Seniors Housing Special Report
May 27, 2020
As the nation advances through the health crisis and states outline plans to reopen the economy, the seniors housing sector continues to face near-term uncertainty.
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The Road to Recovery Under Optimistic Conditions
May 26, 2020
The global health crisis has had an unprecedented impact on the U.S. economy.
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Beyond the Health Crisis: Hospitality Special Report
May 26, 2020
The rapid decline in travel stemming from the new coronavirus has had a profound impact on the U.S. hospitality sector.
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Fox Business
May 22, 2020
Fox Business features Marcus & Millichap's President and CEO Hessam Nadji
A Turning Point for Commercial Real Estate?
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Getting to the Closing Table During COVID-19
May 22, 2020
As states across the U.S. begin to ease lockdowns, commercial real estate participants are trying to mitigate the impact of the coronavirus pandemic.
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Beyond the Health Crisis: Self-Storage Special Report
May 22, 2020
Self-Storage Displays Resilience During Pandemic-Driven Economic Downturn Although Potential Challenges Lie on the Horizon
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Retail Trends 2020
Original Broadcast
May 18, 2020

Watch this special presentation and dynamic panel discussion with industry leaders on the retail real estate investment market.
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Spending Slowdown Impact on Real Estate
May 18, 2020
Almost 70% of our GDP is built on both the sales of both goods and services.
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Government Weighs Further Intervention to Support a Strong Rebound
May 15, 2020
The coronavirus pandemic is clearly the mother of all black swans, and recovery will take longer than initially expected. Last week saw the worst monthly jobs report in U.S. history, with the unemployment rate soaring to 14.7 percent.
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TD Ameritrade
May 13, 2020
TD Ameritrade Features Marcus & Millichap’s President and CEO Hessam Nadji
Reality Check and Prospects for Recovery
Multifamily Market Update
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Webcast: Connect National Multifamily Update
May 13, 2020
Connect Features Multifamily Industry Leaders:
Multifamily Market Update
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WEBCAST: Special Update Multifamily Legislation
May 13, 2020
View the webcast replay now for the latest information on multifamily legislation.
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How Record Job Losses Impact Commercial Real Estate
May 11, 2020
Labor market deep dive and impact on real estate.
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Commercial Construction Special Report
April 24, 2020
Construction delays and a pullback in project starts stemming from the spread of COVID-19 will offer existing operators a respite.
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Industrial Health Crisis Special Report
April 24, 2020
As the national stay-at-home orders have shifted much of the economy into a delivery model, the negative implications are broadly felt, including in the commercial real estate arena. Offices, restaurants, hotels and most other retailers have been forced to close their doors to avoid overwhelming the nation’s healthcare system.
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Assessing the Impact of Covid-19 on Our Interconnected Industry
April 24, 2020
As the Covid-19 crisis continues, concerns are growing that our industry is too interconnected to fail.
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U.S. Oil Supply Special Report
April 23, 2020
The global health crisis has idled factories and stalled businesses, leading to a historic fall in oil consumption at a time when production was at an all-time high.
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Canadian Oil and Gas Supply Special Report
April 23, 2020
As lockdown measures have set in, the flow of goods has slowed substantially and motorists and airplanes have been unable to travel, cutting fuel demand drastically.
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Office Health Crisis Special Report
April 22, 2020
The implementation of stay-at-home orders across the country forced many companies to adopt remote working solutions, a behavior that could have long-lasting repercussions for office investors.
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Adapting Portfolio Strategies Special Report
April 22, 2020
The rapid and unprecedented spread of the new coronavirus has upended daily life and disrupted numerous businesses across a wide array of sectors.
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WEBCAST: The Global Health Crisis - Canadian Perspective and Outlook
April 21, 2020
Join Marcus & Millichap for a Live Webcast.
2:00pm Eastern/11:00am Pacific
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Canada COVID-19 Outbreak Special Report
April 20, 2020
Canada’s decadelong economic expansion was brought to a halt in the first quarter as the global spread of the novel coronavirus shook markets and caused unprecedented financial fallout for investors and businesses.
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Self-Storage COVID-19 Special Report
April 20, 2020
Self-storage operators are limiting access to facilities and offices, though renters are generally able to access their units.
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Answering Top Questions from Real Estate Investors
April 20, 2020
The key ingredient to getting back to normal is a vaccine or a cure.
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The Unintended Consequences and Risks of Forbearance
April 17, 2020
To stop the spread of Covid-19, communities are coming together, staying home, washing hands and social distancing to protect the most vulnerable.
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Multifamily COVID-19 Special Report
April 13, 2020
Many throughout the nation are faced with uncertainty as COVID-19 rattles the economy and labor markets.
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Hospitality Fiscal Stimulus Special Report
April 13, 2020
Public health crisis has substantially impacted the hospitality industry; some demand drivers remain present.
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Canada Wage Subsidy Special Report
April 13, 2020
In response to the severe economic impact of the COVID-19 pandemic, the government has rapidly implemented a series of emergency programs to help companies and their employees through the rapid economic slide.
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Fiscal Stimulus Package Critical as Real Estate Investors Brace for Impact
April 13, 2020
The magnitude of some of the early economic readings are off the charts.
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COVID-19 Fiscal Stimulus Special Report
April 10, 2020
The largest stimulus package in U.S. history, the Coronavirus Aid, Relief, and Economic Security Act aims at providing financial security to individuals as well as small and large businesses, while also supporting the government response to the pandemic.
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Fox Business
April 10, 2020
Fox Business features Marcus & Millichap's President and CEO Hessam Nadji Rent in the Time of COVID-19
Watch Now >>

The Fed Announces New Ammunition to Battle the Covid-19 Crisis
April 10, 2020
On April 9, the Federal Reserve announced another round of initiatives to bolster the U.S. economy amid the Covid-19 crisis.
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Medical Office Building Special Report
April 9, 2020
The delay of elective surgeries and nonessential surgical and dental procedures during the COVID-19 pandemic has caused many healthcare offices to partially or fully close their offices, leaving many firms in a zero-revenue situation.
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Seniors Housing Special Report
April 9, 2020
As the COVID-19 pandemic rapidly evolves and substantially impacts markets and the economy, the seniors housing sector has come under pressure, facing steep challenges.
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How the Paycheck Protection Program Supports Real Estate
April 6, 2020
The expanding breadth and depth of the global health crisis is raising ever-increasing headwinds for the economy and for real estate investments.
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Understanding the Current Financing Landscape
April 3, 2020
Without question, the Covid-19 pandemic has ushered in the most difficult economic period in recent history.
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Global Health Crisis: Navigating Forward Special Report
April 3, 2020
The escalating human cost of the public health crisis has created fear and uncertainty, while consumption and commerce have become increasingly constricted.
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Paycheck Protection Program Special Report
April 3, 2020
Small businesses severely impacted by coronavirus. There are more than 30 million small businesses in the U.S. that employ roughly 120 million people.
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WEBCAST: Getting through the Global Health Crisis Together Join Marcus & Millichap for a Live Webcast.
April 2, 2020
4:00pm Eastern/1:00pm Pacific

Most Up-to-Date Economic Assessment - Government Initiatives and Potential Impact - State of the Real Estate Financing and Transaction Markets - Challenges and Opportunities by Property Type
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Bloomberg Radio
March 30, 2020
Bloomberg Radio Features Marcus & Millichap’s President & CEO Hessam Nadji - Commercial Real Estate Conditions
Listen Now >>

Fiscal Stimulus and Investor Considerations
March 30, 2020
Transaction market has not stalled. Investors are addressing the climate in many ways.
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Coronavirus Federal Reserve Special Report
March 27, 2020
Federal Reserve Delivers Aggressive Monetary Policy Early in Coronavirus Outbreak
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Coronavirus Hospitality Special Report
March 27, 2020
Coronavirus Alters Outlook for U.S. Hotel Sector as Investors Cautious, Face Significant Short-Term Headwinds; New Federal Stimulus Package Delivers Lifeline to Severely Impacted Sector
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Navigating the Covid-19 Storm
March 27, 2020
These are tumultuous and uncertain times. Few predicted a global pandemic caused by the Covid-19 virus would create such a massive economic storm. Many economists expect a sharp contraction in the global economy in the first half of the year followed by a likely rebound when restrictions are lifted.
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COVID-19's Impact on CRE: What We Know Today (and Don't) Webinar
March 23, 2020
Marcus & Millichap’s John Chang and Alan Pontius were featured on NAIOP’s recent webinar, COVID-19's Impact on CRE: What We Know Today (and Don't) where they explored the repercussions from the ongoing COVID-19 pandemic and the impact on commercial real estate.
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Fed Takes Action to Stem Coronavirus Risk
March 23, 2020
In response to the severe market volatility, the Federal Reserve has made two significant surprise rate cuts that committed over $1.7 trillion to backstop market liquidity.
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Market Update: Coronavirus Impact on Real Estate
March 19, 2020
As the new coronavirus (COVID-19) broke free from China, the prospects of increased economic risks drove Wall Street into a flight to safety.
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Connect Q&A: Marcus & Millichap’s John Chang on Investor Priorities
March 19, 2020
The markets are roiling “in the now” amid the COVID-19 pandemic, but investors are also looking to the long-term outcomes across a variety of issues and asset classes for what will be the other side to this disruption.
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Maintaining A Spirit of Calm Amid the COVID-19 Panic
March 17, 2020
The coronavirus pandemic, a black swan event that began as a health crisis, has morphed into a financial crisis. It’s clear that COVID-19 will have a more significant near-term impact on the economy than initially estimated.
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Coronavirus Outbreak: Implications For Real Estate (Canada)
March 16, 2020
Uncertainty stemming from the spread of the coronavirus (COVID-19) drove Canadian interest rates to a record low as equities traders sought the safety of the bond market.
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Getting Through the Coronavirus Outbreak Together
March 16, 2020
On behalf of the entire Marcus & Millichap team, we hope you, your family and loved ones are healthy and safe in light of the coronavirus outbreak. Given last week’s events and looking ahead to what we all must do to get through this episode together, I want to update you on our actions and market perspective as a company.
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Will the Coronavirus Spark a Recession?
March 13, 2020
Economic momentum is well-positioned to withstand coronavirus related headwinds. As better information becomes available and fear begins to abate, the economy will benefit.
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Will the Coronavirus Spark a Recession?
March 13, 2020
Economic momentum is well-positioned to withstand coronavirus related headwinds. As better information becomes available and fear begins to abate, the economy will benefit.
View Video >>

Coronavirus Outbreak: Implications for Real Estate (US)
March 9, 2020
Stock market volatility showcases real estate stability and yields. While the stock market was particularly robust last year, with the S&P 500 delivering total returns exceeding 25 percent, equities recorded a major correction that erased a significant portion of the gains.
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Three Investor Considerations to Navigate Volatility
March 9, 2020
The 10-Year Treasury rate dropping below 1% for the first time ever was a watershed moment for commercial real estate. Investors should take steps to navigate the uncertain climate.
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Will the Coronavirus Infect the Global Economy?
March 3, 2020
The coronavirus is sparking enormous concern for both human health and the global economy. On March 3 the Federal Reserve lowered interest rates by 50 basis points to address the threat, setting the target range for the fed funds rate at 1 percent to 1.25 percent.
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Coronavirus Impact: Interest Rates Hit Record Low
March 2, 2020
The threat to the economy is what Wall Street is reacting to and why traders have moved capital from stocks to the safety of bonds driving the 10-Year Treasury Rate to a record low.
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