(June.23rd, 2020, IHS Markit Flash U.S. Composite PMI) “Any return to growth will be prone to losing momentum due to persistent weak demand for many goods and services, linked in turn to ongoing social distancing, high unemployment and uncertainty about the outlook, curbing spending by businesses and households. The recovery could also be derailed by new waves of virus infections. Continual vigilance by the Fed, US Treasury and health authorities will therefore be required to keep any recovery on track.”
2 thoughts on “(June.23rd, 2020, IHS Markit Flash U.S. Composite PMI) “Any return to growth will be prone to losing momentum due to persistent weak demand for many goods and services, linked in turn to ongoing social distancing, high unemployment and uncertainty about the outlook, curbing spending by businesses and households. The recovery could also be derailed by new waves of virus infections. Continual vigilance by the Fed, US Treasury and health authorities will therefore be required to keep any recovery on track.””
Pingback: Jim Cramer: Coronavirus Banker Bailouts “one of the greatest wealth transfers in history.”
Pingback: Futures Down 150 Points at 7:30pm as New Cases Soar, CNBC, ZH