US Economic Update – September 2020
Recovery continues, but risks remain.
- 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.