by Paul Lengemann, BullsnBears Economist | Jul 29, 2020 | alerts, Markets/Economy
The Fed at its Open Markets Committee meeting on Wednesday left rates unchanged at near zero. The Fed also assured everyone that it will continue to support the US economy as the pandemic keeps depressing economic growth. Moreover, the Fed made clear that the weak...
by Paul Lengemann, BullsnBears Economist | Jul 26, 2020 | alerts, Markets/Economy
On Tuesday/Wednesday the Fed will hold its July Open Market Committee meetings. The policy-setting gathering is certain to keep its main rate unchanged and push for continued easy money. Fed Chairman Powell is sure to reiterate his concerns about the poor outlook for...
by Paul Lengemann, BullsnBears Economist | Jul 23, 2020 | alerts, Markets/Economy
The US economic outlook continues to be quite poor although various recently released indicators point to some modest improvements in economic activity. For instance, the Chicago Fed National Activity Index in June rose to a record high of 4.11 from an upwardly...
by Paul Lengemann, BullsnBears Economist | Jul 9, 2020 | alerts, Markets/Economy
The economic outlook is not encouraging, no matter how much the president wants to paint a rosy picture. The coronavirus is the primary culprit and the pandemic is not even close to being brought under control. Indications are that the virus and the associated disease...
by Paul Lengemann, BullsnBears Economist | Jul 3, 2020 | alerts, Markets/Economy
President Trump made a big deal about the June employment data that showed a good jump in people going back to work following weeks of coronavirus-induced furloughs. US unemployment dropped to 11.1% in June, falling from an all-time high of 14.7% in April. The number...
