Other news also unnerved markets. Sen. Rand Paul became the third member of Congress to test positive for the virus. German Chancellor Angela Merkel, meanwhile, was quarantined after a doctor who gave her a vaccination on Friday tested positive for the virus.
Global financial markets are likely headed for more turbulence this week as investors assess the economic fallout from business closures and layoffs. U.S. unemployment aid applications, released Thursday, are projected to surge to more than 2 million in the latest week, Goldman Sachs analysts forecast.
St. Louis Federal Reserve President James Bullard predicted the U.S. unemployment rate could skyrocket to 30% in the coming months, a level worse than the peak of the Great Depression in the 1930s. “The massive amounts of stimulants being injected into the financial markets will likely avoid a total collapse of the global economy,” Peter Cardillo, chief market economist at Spartan Capital Securities, said in a note. “It is, however, too late to forestall a moderate to shallow recession, which has already started.”
The package is now 2 trillion V.S. A trillion last week. Damage control should help.
do any kinds of data entry job do any kinds of data entry job
Biggest losses have yet to come, perhaps more so now! COVID19
Hope will recover soon 😥
They didn't hit an 'impasse'. The Democrats blocked the legislation.
😥