Initial Jobless Claims Jump Again, From 862,000 to 885,000… Initial jobless claims moved the wrong direction again, missing forecasts of a 44,000 drop and instead rising by 23,000. What it means— ...
Week In Review – November 23 2020
Another Week, Another Vaccine… Following last week’s announcement of a COVID-19 vaccine by Pfizer with BioNTech and Moderna announced this week that it also has a vaccine that is more than 90% ...
Week In Review – October 26 2020
Pelosi on Deal, “We’re Almost There”… House Speaker Nancy Pelosi said she and Treasury Secretary Mnuchin are close to a stimulus deal. What it means – We’ve been back and forth on this seemingly ...
Week In Review – September 21 2020
Federal Reserve Signals No Change in Rates Until 2024… In the press conference after its regularly scheduled meeting, Federal Reserve Chair Jay Powell noted that the bankers expect to hold ...
Week In Review – August 24 2020
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 ...