As U.S. economy expands, coronavirus has little impact so far

As the U.S. economy expanded at a modest to moderate pace over the past several weeks, the coronavirus has had little impact so far on U.S. economic data so far, yet there are signs the escalating coronavirus outbreak has begun to weigh on business sentiment in the United States, a report by the Federal Reserve released on Wednesday showed.
On Tuesday, the Fed cut interest rates by a half percentage point in an attempt to mitigate possible economic effects of the coronavirus on the world’s