April 2020 Middle Market Monitor

In March, economic indicators deteriorated with an increase in unemployment and decreases in the Consumer Confidence Index and Consumer Price Index. The public markets continued to decline over the course of the month as uncertainty over the global COVID-19 pandemic persisted.  In response to this crisis, the U.S. passed a $2.2 trillion stimulus package that included direct checks to many Americans, expansion of unemployment insurance, credit lines to American businesses, and expanded resources for healthcare providers.