Fed warns stock market of a second recession if the coronavirus pandemic isn’t brought under control

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

OPINION: Our economic recovery -- or lack thereof -- will come down to the health of the American people. Wear a mask. And Congress needs to do more to support individuals and small businesses.

Officials and staff economists at the Fed caution that a second wave of recession could sweep over the country later this year if the coronavirus pandemic isn’t brought under control, according to a lengthy summary of the Fed’s policy meeting held on June 9-10.

The stock market, however, has broadly shrugged off those infections. The S&P 500 index SPX, +0.45% rose 0.5% on Wednesday after surging 20% in the second quarter, which ended Tuesday. The Fed’s baseline scenario assumes that a gradual return of economic activity would not lead to a spike in COVID-19 cases, which has already killed more than 125,000 Americans. Social distancing and other public-health measures would keep the virus in check.

“A number of participants [among the five Fed governors and 12 district bank presidents] judged that there was a substantial likelihood of additional waves of outbreaks, which, in some scenarios, could result in further economic disruptions and possibly a protracted period of reduced economic activity,” according to the minutes.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

These are the chickens coming home to roost

EconomicsOverHealth doesn't make sense....... 🤷🏽‍♂️

While pumping it everyday with unlimited QE! What a hypocrisy!

We don't need another stimulus package for those Americans out of work.

huffandpuff We need another stimulus package as half of Americans are out of work.

Let summer pass because virus 🦠 dies in heat (except for Arizona heat) and lock us Down in the fall. Thus lowering heating oil and fuel prices and assuring Trumps re-election.

MaskedRecovery 😷🎭

Oppression tool number 673: guilt

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stock market crash: Jim Rogers warns of blow-up amid Fed 'madness' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It is very much on the cards. Jim has been calling for a crash for years Doom of the Week brought to you by Business Insider.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Billionaire Ray Dalio says Fed is driving markets, US dollar at risk - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'Moreover, the flood of cash into markets has detached them from the real economy, meaning valuations no longer reflect fundamentals' While I probably agree here, I’ll still bet on the American Economy over time and I am continuing to Dollar Cost Average into the markets like usual. Radically transparent.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »