US businesses show growing concern over impact of coronavirus, Fed survey

There are signs the escalating coronavirus outbreak has begun to weigh on business sentiment in the United States, a report by the Federal Reserve released on Wednesday showed, even as the US economy expanded at a modest to moderate pace over the past several weeks.

  The Fed cut interest rates by a half percentage point on Tuesday in an emergency move to mitigate the possible economic effects of the flu-like illness on the world's largest economy, as it kept the door open to further measures should they be required. It.....

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