US Federal Reserve admits new collapse in financial markets due to coronavirus

The US Federal Reserve is considering a new price collapse in global financial markets. This is stated in the Fed report.

“The value of assets remains vulnerable to a significant reduction if the pandemic develops in an unpredictable direction, the economic consequences turn out to be more unfavorable or difficulties arise again in the financial system,” the report says.

The Fed notes that due to the situation with the coronavirus, real estate, as well as loaned enterprises and businesses, may be vulnerable.

Recall that earlier the US Federal Reserve lowered its key rate to its minimum value in the fight against risks caused by the coronavirus pandemic.

This value will be maintained until there is the confidence that the economy has coped with the consequences of the outbreak.