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Global stock markets drop on coronavirus, economic recovery concerns

Added 06-11-20 05:04:02am EST - “Traders will also have the latest jobless figures to dissect” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Global stock markets drop on coronavirus, economic recovery concerns”. Below is an excerpt from the article.

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Federal Reserve Chairman Jerome Powell discusses using a range of tools to support the economy, including inflation rates, and says the May employment report is a pretty good illustration of how uncertain these times are.

The major futures indexes are indicating a drop of 2 percent or 500 points on the Dow Industrials on concerns about how long the economy will take to recover from the coronavirus.

On Wednesday, the Federal Reserve pledged to continue its plan of aggressive monetary policy to stimulate the economy for the next few years. It projected that it wouldn't raise interest rates through 2022.

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