Atlanta Fed president Bostic: Fed's lending facilities have eased market strain

Market news

7 July 2020

Atlanta Fed president Bostic: Fed's lending facilities have eased market strain

Strain in housing market is not as severe as expected
Much of the U.S. economy is based on confidence
Seeing signals of increased business and consumer concerns
Businesses are examining ways to automate and reduce workers
Businesses are getting nervous again and worried that virus has been going on longer than they had planned for

U.S.: JOLTs Job Openings, May 5.397K (forecast 4.85)

U.S. Stocks open: Dow -0.74%, Nasdaq -0.32%, S&P -0.59%

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