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 was the Fed's first emergency rate cut since 2008 at the