- Economic activity has continued to recover
- Household spending on durable goods has been strong and moved above pre-pandemic level
- Business investment has picked up
- However, services spending has been slow
- Path to recovery remains highly uncertain
- Roughly half of the jobs losses have been erased
- Economic downturn has not fallen equally on all Americas
- Full recovery unlikely until people are confident of safety
- Concerns regarding recent rise of new COVID-19 cases
- Housing sector has fully recovered
- QE program was discussed at the meeting
- The Fed believes the asset purchase program supports the economy
- The Fed believes in achieving a dual mandate: jobs and inflation
US OPEN: Wall Street declines deepens
The Michigan Sentiment Index highlights concerns about a short-term spike in U.S. inflation💡
Economic Calendar: A Calm End to the Week for Markets
Consumer sentiments fall in Germany and France amid rising energy prices