On Election Eve, Here's The Economic Outlook
-
-
Published Friday, October 30, 2020, 8:00 p.m. EST
U.S households in September were still saving at twice the "normal" rate pre-pandemic, according to an analysis of data released today by the U.S. Bureau of Economic Analysis. The 14.1% reading in September was down from the history-making 33.6% savings-rate spike in April, which was fueled by federal coronavirus emergency aid payments enacted under the CARES Act. Another federal aid package may not come until January, depending on Tuesday's election results. However, the 14.1% savings rate indicates consumers are sitting on a considerable cash cushion. Consumer income rose 6.2% from October 1, 2019 to September 30, 2020, despite the coronavirus. How could...
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
2022
-
Amid Stock Market Turmoil, +2.3% Growth Projected In 2022
-
Staying On Track Amid The Ukraine And Inflation Crises
-
For Investors, 2022 Is Turning Into A Test
-
Is The Economy Brightening? Or Is The Federal Reserve Slamming The Door On Growth
-
Financial Economic News In Perspective
-
Stocks Closed Lower This Week On Inflation Fears
-
The Main Risk To Investors Now Is Federal Reserve Policy
-
Service Sector Jobs Are Catching Up
-
Stocks Returned +8.3% More Annually Than 90-Day T-Bills In Past 20 Years
-
Perspective Amid A Moment Seeming Fraught With Investment Risk
-
Two Years After The Pandemic Began
-
Turning The Page On A Dark Period In History
-
Russia-Ukraine War Erupted And Inflation Worsened But Outlook Drove Stocks Higher For The Week
-
Investment Perspective Amid Risks Of Fed Tightening, Covid Variants, And European War
-
S&P 500 Lost -1.9% Friday; Latest U.S. Economic Data Are Strong
-
January Job Formation Figures Crushed Expectations, Amid A Shortage Of Workers
-
S&P 500 Closed Up 2.4% Friday After A -10% Correction
-
Stocks Declined Sharply, Even As Economists Expect 3% Growth In 2022
-
Should You Care About Wall Street Stock Market Predictions?
-
Weekly Economic Update For Investors
.png)
