Category: Macroeconomic

November 20, 2020

JPMorgan economists now see an economic contraction in the first quarter due to the spreading coronavirus and related restrictions being imposed by states and cities. The new forecast is a departure from Wall Street’s widely held view that the first […]

November 20, 2020

White House trade adviser Peter Navarro said Friday that the top states with the highest unemployment are run by Democratic governors while those with the lowest unemployment are run by Republicans. Speaking to reporters outside the White House, Navarro noted […]

November 13, 2020

The last thing bullish post-election season investors want to see is a nationwide lockdown to control the resurgent coronavirus under President-elect Joe Biden. “3,000 or 4,000 [Dow] points lower at least,” veteran strategist David Nelson of Belpointe Asset Management told […]

November 11, 2020

Economists and market analysts say that when President-elect Joe Biden takes the oath of office in January, he will inherit a battered economy. While most metrics of economic activity have risen from the record-shattering lows they hit in March and […]

November 6, 2020

October marked the sixth straight month of post-pandemic employment gains, as the economy added 638,000 jobs and the nation’s unemployment rate dropped to 6.9 percent, a point below September’s 7.9 percent and far lower than the record-shattering, COVID-induced 14.7 percent […]

November 4, 2020

As the question remains over who will capture the hotly contested presidential race, one casualty quickly emerging from fallout is the massive stimulus package Democrats were hoping to get to boost the economy. A blue-wave victory in Tuesday’s elections was […]

October 29, 2020

Real gross domestic product (GDP) increased at a record annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities put on hold by the pandemic, the Bureau of Economic Analysis […]

October 28, 2020

Federal Reserve officials have been pressing Congress to provide more fiscal help to the U.S. economy, and with good reason: The central bank is running out of ways it can help. Since the expiration of key provisions of the $2.2 […]

October 19, 2020

Break out those shovels, picks and the debit cards if a blue wave of Democrats washes into D.C. come Election Day. Goldman Sachs said Monday in a new note that a blue wave could lead to a whopping $2.5 trillion […]

October 19, 2020

The CARES Act partially stabilised the financial health of many families facing unemployment and other economic hardships in the wake of COVID-19. However, millions of immigrants and their families who pay taxes and provide essential services were not eligible for […]