Personal finances of many Americans remain strong

William Arsn

WASHINGTON (AP) — It’s the paradox of a pandemic that has crushed the U.S. economy: 12.9 million lost jobs and a rash of businesses closing, yet the personal finances of many Americans have remained strong — and in some ways have even improved. A new poll from The Associated Press-NORC […]

Running the economic engine hot

William Arsn

The Virtual Jackson Hole Leading into the Jackson hole symposium the Federal Reserve Bank had provided some disappointing monetary policy reports, which left many wanting more from the central bank. The feeling that the Fed was going to be walking the economy through the pandemic hand in hand quickly evaporated. […]

Economic Data Deluge

William Arsn

Personal Income for July far outperformed expectations, coming in at +0.4{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} (-0.4{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} had been expected), marking more or less a return to before the coronavirus pandemic hit the market. It’s also a welcome rebound from the slightly upwardly revised -1.0{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} posted for June and the -4.4{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} in May. Advance Trade in […]