Widespread Shutdowns Causes US economic Output To Plunge by 29%
More than one-quarter of the U.S. economy has suddenly gone offline as the coronavirus pandemic forces an unprecedented shutdown of business throughout the country, according to new research. The study, published by Moody’s Analytics, found that while eight in 10 U.S....
Did the Fed Bail out the Market Today?
The good news first: We learn by the United States Labor Department this morning that the economy took on 273,000 jobs last month. Consensus estimates came it at 175,000. Unemployment slipped from 3.6% to 3.5%… equaling a 50-year low. Meantime, December and January...
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