The NAB Consumer Stress Index has eased to a 2-year low and marks its 50th iteration.
Insight
September 25, 2020
US Economic Update – September 2020
Recovery continues, but risks remain.
Key highlights
- The recovery from the collapse in activity over March and April continues. However, it has slowed.
- The inability of Congress to agree on further fiscal support and the recent uptick in COVID-19 case numbers are a source of concern.
- Changes to Fed forward guidance reinforces the view that the feds fund rate will be on hold for a long time.
Find out more in NAB’s US Economic Update – September 2020.
