‘Asset prices remain vulnerable to significant price declines should the pandemic take an unexpected course,’ says Fed
The markets are vulnerable to a pullback, said the Federal Reserve in the central bank’s most recent account of the health of the financial markets in the aftermath of coronavirus. “Asset prices have been volatile across many markets,” the central bank wrote in its latest semi-annual report on the financial sector published at 4 p.m. Eastern Time on May 15. “Since their lows in late March and early April, risky asset prices have risen and spreads have narrowed in key markets, the Fed wrote. “

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