Author: Stephen Zielinski

U.S. Economic and Market Highlights

The Economy:

• Many national governments in Europe and around the world reinstated various lockdown measures, to thwart the second wave of the Coronavirus. The new restrictive measures announced could negatively impact economic growth and outlook for the next several quarters.

U.S. Economic and Market Highlights

The Economy:

• Economic news released over the last month varied from mixed to positive, compared to previous months since the outbreak of the COVID-19 pandemic.

U.S. Economic and Market Highlights

The Economy

• Promising early trial data for COVID-19 vaccines raised hopes for a virus treatment potentially before year end.
• The U.S. unemployment rate fell to 8.4% in August. This marks the latest step of its decline from nearly 15% in April.