Fed calls coronavirus ‘a new risk to the global growth outlook’

(Worthy News) – The Federal Reserve considers its current policy stance as appropriate “for a time” despite the coronavirus outbreak presenting a new threat to the global economy, minutes of the Federal Open Market Committee meeting held in January revealed on Wednesday.

The meeting took place days after the coronavirus outbreak began to drag on the US financial sector. The virus has killed 2,012 people and infected more than 75,000 as of Wednesday morning, surpassing the death toll of 2003’s SARS epidemic. The FOMC highlighted an uptick in economic growth across Asia, but warned that the spreading virus could quickly reverse any gains to gross domestic product.

“Early GDP releases showed a pickup in growth in China and some other Asian economies, though news of the coronavirus outbreak raised questions about the sustainability of that pickup,” according to the January 28-29 minutes. [ Source: Business Insider (Read More…) ]

Lift this up in Prayer

10

people are currently praying.

Latest Worthy News

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Books by George Whitten

Identity in Messiah Revealed https://identityinmessiah.com

A devotional journey calling believers out of self-doubt and into confident, Kingdom-rooted identity in the Messiah.

Buy on Amazon

The Biblical Fall Feasts Revealed https://biblicalfallfeasts.com

An in-depth look at the Biblical fall feasts and their prophetic significance for believers today.

Buy on Amazon

The Eternal Kingdom Revealed https://eternalkingdomrevealed.com

The Eternal Kingdom Revealed traces the Kingdom of God as the central story of Scripture, from before creation to the restoration of all things.

Buy on Amazon

As an Amazon Associate I earn from qualifying purchases.