Fed: Main Street Lending Program now open for lender registration
|The US Federal Reserve announced on Monday that the Main Street Lending Program is now open for lender registration.
"Participating main street lenders must register using the lender portal, which provides secure access and verification," the Fed added. "Business borrowers must apply for the main street loans through a participating lender."
Market reaction
This announcement failed to improve market sentiment on Monday. As of writing, the Dow Jones Industrial Average was down 2.35% on the day while the S&P 500 was losing 1.83%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.