Economic DiscussionEconomySHJ Blog

Inside the Economy: The State of the Economy and COVID-19

By July 27, 2020July 28th, 2020No Comments

This week on “Inside the Economy”, we continue to monitor economic data as it continues to improve. Fiscal stimulus comes in many forms, like the direct payments or federal unemployment benefits, and has totaled more than 12% of GDP. What will the next bill look like from Congress and how much more money will be added to the national debt? Gold has had a strong rally as buyers speculate on future inflation and the value of the dollar. What’s to come over the next several months? Tune in to find out more!

Key Takeaways:

  • Economic data continues to improve with retail sales, production increases, and housing data. 
  • Stock market indices continue their recovery lead by big tech as earnings show better than expected. 
  • Gold is rallying and another stimulus bill from Congress is coming soon.

Leave a Reply