Daily Archives: Jun 10, 2020 at 07:26 am EDT

New Fed Economic Projections Due Amid Dark Q2 GDP Estimates

The worst phase of the pandemic crisis in the US may be easing, but economic projections for the immediate future remain grim. Recent estimates for the upcoming second-quarter report for GDP tell the story—a tsunami of deeply negative projections. Amid the macro darkness, the Federal Reserve today, as part of a monetary statement, is scheduled to release its own set of revised economic projections.

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Macro Briefing | 10 June 2020

White House adviser says new stimulus bill odds ‘are very, very high’: WSJ
OECD considers economic impact of a second coronavirus wave: Bloomberg
Worrisome Covid-19 trends in India, Brazil and South Africa: Vox
Consumer inflation in China slowed to 14-month low in May: Caixin
China’s industrial deflation continued to deepen in May: MW
What’s expected for today’s Federal Reserve meeting? CNBC
Pandemic threatens to upend business models for retail properties: NY Times
Small Business Optimism Index in the US rebounded moderately in May: NFIB
US job openings fell to a five-year low in April: CNBC