Coronavirus slowdown starts to rival U.S. Fed's doomsday bank stress test scenario
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WASHINGTON (Reuters) - The unfolding market shock and economic crisis wrought by the coronavirus disruption is shaping up to be a nightmare for the Federal Reserve – literally. Over the past month, rapidly deteriorating economic and financial conditions have begun to rival the central bank's doomsday scenario against which it will test big banks' resilience during their annual "stress test" exams next month. Of the 16 dire domestic indicators the Fed dreamt up for this year's test, including..