August Markets Performance The stock market saw an unbelievably strong run in August, erasing its pandemic losses and accelerating higher even as the economic and political situation remained highly uncertain. Notable positive developments in pandemic containment and economic growth warranted some investor optimism; however a dizzying spread of concerns and a crippled economy begs the […]
U.S. equity indices rebounded in August to pre-pandemic levels that were last reached in early March of this year. The dramatic recovery in stock markets has come about very quickly and was unexpected by numerous market analysts and economists. The Federal Reserve is expected to leave short-term rates near zero for up to five years […]
With the adoption of many work-from-home practices, global coffee consumption has seen a major decline since the onset of the pandemic. With the closing of many dine-in restaurants and coffee shops, the demand for coffee has not been sustained by at-home consumption. The U.S. Department of Agriculture conceives the coffee consumption trajectory to continue declining […]
A reduction in the use of cash may have escalated a shortage of coins throughout the country. Retail stores and grocery stores across the country are experiencing a shortage of coins that has resulted from fewer coins being exchanged and spent since the onset of the pandemic. In order to stimulate coin circulation, the U.S. […]
In an effort to determine what economic impact the pandemic has had and is having on the U.S. economy, the Federal Reserve gathered geolocation data from mobile devices and compiled an index measuring activity of the public and consumers nationwide. The Federal Reserve Bank of Dallas created the Dallas Fed Mobility & Engagement Index whose […]
Gold prices reached their highest level in July since 2011, eclipsing $1,897 an ounce. Nervousness surrounding the global pandemic, as well as geopolitical concerns between the U.S. and China, have steered buyers towards the precious metal, driving prices higher. The ultra-low interest rate environment has also made gold more appealing even though it offers no […]
Officials from over 27 states, as well as the U.S. Department of Agriculture (USDA), are urging people across the country to be aware of packages containing seeds from China. The seeds appear to have been mailed directly from China in white pouches displaying Chinese lettering and the words “China Post”. Various state agricultural departments have […]
The Federal Drug Administration (FDA) updated the list of toxic hand sanitizers as further FDA investigations and research have continued. As of late July, the FDA has established a seventy-five product list, a significant increase from the previous nine product list from late June. Given the demands set forth by the Coronavirus pandemic, the FDA […]
July Markets Performance Stocks continued their rally through July, claiming new post-pandemic highs for the major indices, and inching ever closer to all time highs for the benchmark S&P 500 index. A great deal of news and developments throughout the month painted a mixed picture for the economy, but investors focused on the positives. The […]
Continued low interest rates drove mortgage rates to their lowest levels ever, pushing the average 30- year fixed conforming rate to 2.99% in July as reported by Freddie Mac. Historic low mortgage rates helped buffer for the housing market, where continued high unemployment is expected to hinder loan approvals. U.S. government bond yields fell across […]
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