Risk Revival: Coronavirus, U.S. GDP, yield curve inversion
Risk assets were off to a strong start in 2020, but that abruptly reversed in the last week of January as unknowns surrounding the coronavirus outbreak widened. Economic data revealed the pace of economic growth accelerated in the fourth quarter, but underlying demand weakened. The Federal Reserve held its first open market committee meeting of 2020 and stated it stands ready to change policy if necessary.
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