The shutdown late in Q1 inflicted significant damage.
GDP, Income, and Spending Plummet: April 27 – May 1
Bracing for a Halt: March 16 – 20
This past week’s jobless claims data is only a taste of what is about to come.
Employers Hire, The Fed Cuts: March 2 – 6
While not impacting the labor market in February, the coronavirus pushed the Fed to take action and weighed on purchasing managers’ business outlook.
What We Learned About the U.S. Economy Last Week 