The U.S. economic recovery from the coronavirus-induced recession likely slowed in July after surprising to the upside in May and June, and the trajectory from here is unlikely to be smooth, St. Louis Federal Reserve President James Bullard said on Monday.
Bullard, in a presentation during an online event hosted by the St. Louis Fed’s branch in Memphis, Tennessee, said it appears as though the trough in economic activity occurred in April.
Bullard said putting too much emphasis on the need for a vaccine could lead more consumers to stay home, prompt an increase in business failures and cause severe damage to the economy. Instead, Bullard pushed for broader use of masks, and more rapidly available testing that can help people feel more comfortable with flying and other activities that requires them to be in close proximity to others.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Russian oil output rises to 9.37 million bpd in July: InterfaxRussian oil and gas condensate production increased to 9.37 million barrels per day (bpd) in July from 9.32 million bpd in June, Interfax news agency reported on Sunday, citing energy ministry data.
Weiterlesen »
Mexican president sees remittances up nearly 7% in June, JulyMexico likely continued to enjoy robust growth in remittances in June and July in spite of the economic slump sparked by the coronavirus crisis, President Andres Manuel Lopez Obrador said on Saturday.
Weiterlesen »
Chicago homicides increase 50 percent in 2020, 139 percent in July alone, data showsChicago saw a dramatic increase in homicides and shootings in the first seven months of 2020 and a particularly remarkable increase in July, reflecting a growing trend in the U.S. that raised questions about potential police reform in major cities.
Weiterlesen »
U.S. records over 25,000 coronavirus deaths in JulyU.S. coronavirus deaths rose by over 25,000 in July and cases doubled in 19 states during the month, according to a Reuters tally, dealing a crushing blow to hopes of quickly reopening the economy.
Weiterlesen »
Russia says oil output in July unchanged from June levels, in line with OPEC+ dealRussia's Energy Ministry said on Sunday that the country's oil output in July was unchanged from levels seen in June, in line with an OPEC+ agreement.
Weiterlesen »
July Jobs Data Will Provide Clues on Strength of the RecoveryThe jobs report coming later this week could be among the most politically consequential of the economic downturn caused by the coronavirus pandemic
Weiterlesen »