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KM Financial Solutions | UPDATE 1-Fed’s Mester says economic data could be “very bad” in first half due to coronavirus
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UPDATE 1-Fed’s Mester says economic data could be “very bad” in first half due to coronavirus

30 Mar UPDATE 1-Fed’s Mester says economic data could be “very bad” in first half due to coronavirus

Posted at 22:12h in News by
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Reports measuring U.S. economic
activity are likely to be “very bad” in the first half and the
unemployment rate could rise above 10% due to efforts to slow
the spread of the coronavirus, Cleveland Federal Reserve Bank
President Loretta Mester said on Tuesday.

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