Federal Reserve Sees Need for More Government Spending… The Federal Reserve released the minutes of its July meeting. The bankers discussed the need for more federal government action to mend the ...
Archives for August 2020
Week In Review – August 17 2020
Claims Dropped Below 1 Million for First Time in 21 Weeks… 963,000 Americans filed for initial jobless claims last week, less than the 1.1 million expected. What it means— Is it really good news? ...
Week In Review – August 10 2020
The U.S. Economy Created 1.783 Million Jobs in July… The unemployment rate fell from 11.1% to 10.2%. What it means— Good news: we’re almost below double-digit unemployment! Of course, ...
Week In Review – August 3 2020
Second-Quarter GDP Drops 32.9%… The number is annualized, so in the second quarter, GDP fell 8.2%. What it means— The best that can be said is that GDP fell less than expected last month. ...