Minneapolis Fed president Kashkari thinks that true unemployment rate is 23-24%, but report likely to show a lower number

Market news

7 May 2020

Minneapolis Fed president Kashkari thinks that true unemployment rate is 23-24%, but report likely to show a lower number

Bad jobs report would understate damage because many people are not looking for work
We can avoid a depression scenario but we're in for a long gradual recovery,
Recovery will be gradual on business-by-business basis until we have COVID-19 vaccine or therapy

European session review: GBP mixed after BoE's latest policy decision and comments on Brexit negotiations

BoE: More QE in June and downside risks for the pound – TDS

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