this-week-s-state-of-the-economy---what-is-ahead---24-april-2020

This Week's State Of The Economy - What Is Ahead? - 24 April 2020

Date: 27 April, 2020 | By : 

U.S. - Throw Out the Textbook

  • Oil prices went negative for the first time in history on Monday as the evaporation of demand collided with a supply glut.
  • In the past five weeks, 26.5 million people have filed for unemployment insurance, or more than one out of every seven workers.
  • Congress has passed its fourth major relief package, including an additional $320 billion for the PPP.
  • The Fed continues to do what it can, with its balance sheet rising an astounding $2.4 trillion in just two months.

 

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