2020 brought us a global pandemic, the fastest bull and bear markets on record, a flood of new investors and companies into the capital markets, and a spike in searches for some new and legacy financial terms. Here are the 10 most popular terms:
1. Stimulus Check
The idea of a stimulus check is not new, but when COVID-19 swept around the globe, undermining economic recovery, it took on a new life. In reaction to the crisis, policymakers and central banks around the world have introduced sweeping and significant fiscal and monetary support initiatives to counteract the virus-induced disruption. The stimulus payments in the U.S. became part of the CARES Act, a broader program of federal stimulus to help the economy. Congress passed trillions of dollars in economic measures, while the Federal Reserve’s quantitative stimulus created trillions of dollars. The Federal Reserve expanded the duration of its loan services on July 28, 2020, which will expire on Sept. 30, so that they are instead due to conclude on Dec. 31, 2020.