US chief economist Michael Feroli also forecast unemployment to rise to 6.25% by the middle of the year before easing to about 5.25% by year end.
The coronavirus crisis has left businesses and individuals reeling. And now financial advisors are stepping in to help those affected cope.
NYSE said in a statement it would move to fully electronic trading starting on Monday, and would be initiating its business continuity plans.
Extreme volatility felt like a messy Amaranth-style liquidation. This is nowhere near that size but it also isn't the only fund under pressure.