The Fed met this week, leaving policy rates unchanged as expected. The Fed committed to continue buying bonds, which should help keep rates low. The 1st qtr GDP declined more than expected, down 4.8% versus estimates of 3.5%. This was the first negative reading since...
A recent Reuters poll shows a majority of economists believe we will see a "U-shaped" economic recovery, in which the economy will stabilize a while before climbing to previous levels. After the first round of paycheck protection funding disappeared quickly, Congress...
Retail sales suffered a record drop of 8.7% in March, as stay-at-home orders and mandatory business closures to control the spread of COVID-19 curbed spending. Over 1.3 million Paycheck Protection Program loans were approved for more than $296 billion through...
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