- Analytics
- News and Tools
- Market News
- U.S.: Weakening has intensified – TDS
U.S.: Weakening has intensified – TDS
FXStreet notes that large parts of the economy are shutting down due to social distancing. The plunge will be reported in official statistics with the usual lags, but timely unofficial data continue to show precipitous declines, economists at TD Securities brief.
“OpenTable data are signaling a collapse in food services spending. Movie ticket sales have plunged as well.”
“Labor market data are poised for historic weakening. We forecast a 2.5 million reading for jobless claims this week, more than triple the all-time high.”
“On the plus side, Congress is working on a huge stimulus package. More Fed stimulus is likely as well. They will help over time.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
