A report by the Federal Reserve released on Wednesday will provide the first snapshot from the central bank’s business contacts on how deeply the coronavirus is impacting their supply chains and economic outlook and may provide some insight into the urgency that caused policymakers to cut interest rates. The Fed lowered borrowing costs 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 ... (full story)