Headlines discussed at LNWM’s Monday morning briefing:
— Supreme Court Justice Ruth Bader Ginsburg has died; the major upcoming battle in the US to approve her replacement is likely to add to market volatility.
— The Federal Reserve said it would hold interest rates near zero as long as it takes to get back to full US employment; expects GDP to shrink by 3.7% for all of 2020 vs. 6.5% drop expected earlier this year.
— The Trump administration said it will provide another $14 billion in aid for US farmers, in addition to the $19 billion offered in April 2020.
— US construction starts for multi-family housing fell 25% in August vs. July, but overall housing starts are up 3% from a year ago.
— US core retail sales fell 0.1% in August after rising 0.9% in July, with the drop or expiration in federal unemployment benefits likely taking a toll on spending.
Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.
