The health crisis has increasingly become an economic one.

By

Catherine Thorbecke

March 24, 2020, 8:34 PM

5 min read

The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling.

The Federal Reserve has pulled out all the stops to help ameliorate the economy. Meanwhile, the outbreak has plunged all three major U.S. financial markets into bear market territory, breaking an 11-year bull market streak.

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