In early March 2020 , the finance ministers of the G7 countries announced measures put in place to cushion citizens against the impact of the COVID-19 pandemic .
On the same day , the Federal Open Market Committee lowered the federal funds rate target by 50 basis points , and the yield on 10-year U.S. Treasury securities rose for the first time in 9 days .
Socio-economic impact of the 2019–20 coronavirus pandemic