More Hurdles to Financial Equilibrium, Recovery, and Growth
The macroeconomic situation is momentous. Elevated savings likely for prepping, not near-term spending.
Still no significant ground made on federal relief. “Final” round may come in next month or two, but it will be narrower than HEROES Act, says Leader McConnell.
The impact from the violent demonstrations and protests across the country could delay state, regional, and city efforts to return to a more normal fiscal landscape.
Hurricane season begins today. An above average to exceptionally active 2020 hurricane season could be another obstacle.