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The Monday Mix: July 13 – 19, 2020

Headlines discussed at LNWM’s Monday morning briefing:

Congress is debating additional Covid-19 relief of at least $1.3 trillion, as key support programs have expired or will expire by end of July.

The Federal Reserve will expand its lending program to include nonprofits such as hospitals, schools and other social service providers.

Evictions are back to pre-pandemic levels in many US cities as rent forbearance policies expire; outlook uncertain as unemployment remains elevated.

Construction of new US home rebounded 17.3% in June but housing starts lag last year due to the spring slowdown; building permits rose 2.1%.

US retail sales grew 7.5% in June after a strong May driven by pent-up demand, but new Covid-19 outbreaks in many states pose a hurdle.

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