John Hancock: Weekly Market Recap Week Ended August 7th
Jobs recovery The nation’s wounded labor market continues to heal, although at a slower pace than in the late spring and early summer. The government reported the economy added 1.8 million jobs in July, trailing the 4.8 million jump in June and the 2.7 million increase in May. Those big gains came on the […]
John Hancock: What Happens In A Recession?
The COVID-19 pandemic has brought on a virtually instant recession. But what exactly is a recession, how does it start, and what typically happens in one? What is a recession? A common definition is two consecutive quarters of decline in GDP, but this isn’t necessary for the economy to be in a recession. A recession […]
LPL: Fed Says We’ve Got Your Back For As Long As it Takes
Economic Blog The Federal Reserve (Fed) completed its latest two-day policy meeting Wednesday, July 29, and the primary message coming from the world’s most important central bank was a continued commitment to supporting the economy as long as it’s needed—and probably even a little longer, we believe, just to provide a margin of error. The […]
John Hancock: Weekly Market Recap Week Ended July 31st
Fed talks The Fed concluded a two-day meeting Wednesday, reaffirming its commitment to supporting the U.S. economy using “its full range of tools.” It decided to keep interest rates unchanged at near zero, noting in a statement that “the path of the economy will depend significantly on the course of the virus.” GDP […]