In market terms, think of the coronavirus as a three-legged stool where if one of the legs isn't firmly attached, the whole thing will tip over.
, the unemployed and businesses that have been displaced by the way the coronavirus has seized the national economy and brought key industries to a virtual standstill. There finally are signs that this leg soon will be nailed down.
There's been plenty of fear lately as a stock market that had been thriving just a month ago has suddenly wiped out a couple years' worth of gains. Investors worried about prolonged economic paralysis, creating a glut across markets that buyers have been loathe to absorb. None of those measures taken to attach those two legs to the stool will matter, though, without a clear path to daylight on the health care side."We're going to need to see Fed policy stop the bleeding in market functioning. We're going to need to see Congress pass some legislation. We're going to have to appreciate the bad news that we are getting is just temporary.
Weekly jobless claims, for instance, are forecast to hit 1.5 million when that number comes out Thursday, according to economists surveyed by Dow Jones. The number could be double that if some Wall Street predictions are true. Also, St. Louis Fed President James Bullard said this week that the short-term unemployment rate could hit 30%, which actually would be worse than the Depression., according to some estimates.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
European markets set to rebound amid positive global reaction to Fed stimulusEuropean markets are set to rebound at the open Tuesday as investors react positively to the U.S. Federal Reserve's announced open-ended asset purchase program.
Baca lebih lajut »
Boundless Fed bond-buying fuels stocks rebound, dollar recoilsGlobal equities rebounded on Tuesday, off near four-year lows, as investors pinned hopes on unprecedented stimulus steps by the U.S Federal Reserve and other policymakers to ease strains in financial markets
Baca lebih lajut »
Boundless Fed QE fuels 2% equity bounce, calms dollarStocks in Asia and Europe rebounded on Tuesday as investors hoped for massive global stimulus measures after the Federal Reserve promised unlimited supplies of dollars to ease strains in financial markets
Baca lebih lajut »
Asia stocks rebound, Fed pits endless QE against economic realityAsian stocks rebounded sharply on Tuesday as the U.S. Federal Reserve's pro...
Baca lebih lajut »
S&P futures hit upper trading limit after another brutal sessionS&P 500 futures hit their daily upper trading limit on Tuesday, rebounding from ...
Baca lebih lajut »
Stocks Rally 7% As Wall Street Hopes For Progress On Coronavirus Stimulus BillThe stock market rallied about 6% higher this morning amid renewed optimism that Congress can finally reach an agreement on a $2 trillion fiscal stimulus bill to cushion the economic fallout from the coronavirus pandemic by skleb1234
Baca lebih lajut »