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Unpacking all of the latest news: each week, we share our observations on the economy and markets.
On April 9th, Jerome Powell and the Federal Reserve announced $2.3 trillion in new programs to support the US economy. Today's announcement came shortly after the Labor Department reported that 6.6 million new unemployment applications were received the week ending April 4th. This was on the heels of 6.9 million claims and 3.3 million claims for…
Weekly Highlights Global stock markets were mixed as the S&P 500 rose modestly. Economic data continues to be uneven. We see strength in the labor market and the U.S. consumer sector offset by weak manufacturing. The clock is ticking ahead of the December 15 deadline for new tariffs on China.