Virus Overshadows All as Traders Brace for 2020 Fed Rate Cuts
- Eurodollars show bets policy makers will feel pressure to ease
- ‘When the global economy goes south, the Fed steps in’
This article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here.
Traders are so fixated on the coronavirus that, in the absence of compelling reasons to do otherwise, they’re piling into hedges in case the contagion is a disaster for the global economy.