Uncertainty will exacerbate economic impact of virus - Fed paper
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(Reuters) - The spike in uncertainty that has accompanied the spread of the coronavirus and efforts to contain it will likely contribute to a surge in U.S. unemployment and a decline in inflation, researchers at the San Francisco Federal Reserve said on Monday. In addition to causing sickness and death, the virus has weighed heavily on the economy as business activity is curtailed and people practice social distancing. The economic effects have been exacerbated by uncertainty over the path of..