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

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Apr 27, 2020

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

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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