MARKET OPEN: Maybe it's not as bad as it looks

Thu, 17 Sep 2020

Investors will be cheered by the fact that – similar to New Zealand – the US economy's recovery from the covid-19 hit is looking better than expected but all eyes will be on today's domestic second-quarter gross domestic product data. In new economic projections released along with the Federal Reserve’s latest policy statement, US policymakers at the median see economic growth dropping by 3.7 percent this year, an improvement from the 6.5 percent drop projected in June. “The Fed’s economic projections still show a sobering outlook, but n...

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