White House economic advisor Kudlow does not believe that economic contraction has fully run its course

Market news

8 May 2020

White House economic advisor Kudlow does not believe that economic contraction has fully run its course

U.S. jobs report full of heartbreak, hardships
Reopening phase will be intimate, spill into June
Jobs numbers will continue to deteriorate
Appropriate policies can make roaring economy in 2021
Will see positive numbers and second half of year
Having meetings with lawmakers of both parties
President Trump weighing making business expenditures to make changes for coronavirus safety tax deductible
3/4 of today's numbers are temporary layoffs.
President Trump will meet with congressional Republicans to discuss stimulus measures today
He wants an infrastructure and broadband expansion package

U.S. wholesale inventories decrease less than initially estimated in March

U.S.: Wholesale Inventories, March -0.8% (forecast -1%)

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.