US Economic Update – September 2020

Recovery continues, but risks remain.

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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.