Economic Outlook – 14 June 2020
US The Fed released the FOMC meeting minutes which reveled the participants’ similarly grim growth outlooks. This which showed most participants believed the Fed would keep the rate at the zero lower bound through at [...]
Economic Outlook – 7 June 2020
US After a major deterioration in April, both of the ISM indices improved in May, with the weightier non-manufacturing index coming in better than expected. Despite the uptick, both indices are still in contractionary territory. [...]
Economic Outlook – 31 May 2020
US The May consumer confidence report was one encouraging signal. Consumer confidence rose 0.9 points to 86.6 in May, after sharp, back-to-back monthly declines in March and April. Overall, the level of consumer confidence remains [...]
Economic Outlook – 24 May 2020
US The latest jobless claims data did not provide much cause for optimism. Some 2.2 million people applied for regular state benefits in the week ended 16 May (on a non-seasonally adjusted basis). However, an [...]
Economic Outlook – 17 May 2020
US US Federal Reserve Chair Powell said that while the government's response to the coronavirus pandemic has been both timely and large, "it may not be the final chapter, given that the path ahead is [...]
Economic Outlook – 10 May 2020
US April nonfarm payrolls confirmed that the labor market is collapsing. By the survey week of 12 April, net employment had fallen by 20.5 million jobs, more than ten times larger than the previous worst [...]