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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