Philadelphia Fed president Harker: Virus is determining trajectory of economy

Market news

2 December 2020

Philadelphia Fed president Harker: Virus is determining trajectory of economy

We are seeing signs of plateauing in economy
Forecasts moderate growth for the rest of 2020 and Q1 2021
Expects growth to pick up in H2 2021 if vaccine becomes available
Many jobs eliminated during the pandemic will never return

Bloomberg reporter: U.S. Treasury Secretary Mnuchin says "he has no plans to speak w/Pelosi today, and that POTUS will sign the McConnell stimulus proposal"

UK PM Johnson's spokesman says he is optimistic about a deal with EU

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