Broker Check

Federal Reserve Announcement

| April 17, 2020

The U.S. Federal Reserve (Fed) announced a major series of programs on April 9, timed to coincide with the release of weekly new unemployment claims reaching a record 6.6 million. This new series of programs expanded some existing facilities, introduced new ones, and generally broadened the reach of lending backed by the Fed to proactively reach new areas of the broader U.S. economy.

We believe this should be a positive for equity and credit markets, as well as for the health of the broader U.S. economy.

Click the link below to learn more about what Lord Abbett has to say regarding the potential new investment implications on the Fed's new lending program.

Read Article Here

Stay Well,

Wagner Advisory Group