The Fed Announces a Fresh Round of Stimulus
April 13, 2020
On April 9th, Jerome Powell and the Federal Reserve announced $2.3 trillion in new programs to support the US economy. These programs add to existing measures that were announced by the Fed in March and those created by Congress under the CARES Act. Most notably, the Fed announced they would…
- begin buying corporate junk bonds
- create a Main Street Lending Program that will provide up to $600 billion to medium-sized businesses
- create a Municipal Liquidity Facility that will provide up to $500 billion to states and municipalities
We’ve spent the last several days breaking down this announcement, and below you’ll find a more detailed analysis of the key takeaways. If you have any questions about the information discussed below, please don’t hesitate to connect with your team at TrinityPoint Wealth.
This material prepared by TrinityPoint Wealth, LLC is for informational purposes only and is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Facts presented have been obtained from sources believed to be reliable. TrinityPoint Wealth, however, cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. TrinityPoint Wealth does not provide legal or tax advice, and nothing contained in these materials should be taken as legal or tax advice.