U.S. policymakers' use of LIBOR as the benchmark for the $600 billion Main Street Lending Program increases challenges of moving to a replacement rate.
Federal Reserve officials restated their pledge to hold the benchmark interest rate near zero and will keep buying bonds, judging that the coronavirus…
In a hazy future, what seems clear is that investors may need to say goodbye to the low-volatility FX environment, with hedging throughout 2020 likely to be expensive.