Market to Market

Economic Outlook: July 31, 2020

Jul 31, 2020  | Ep4550

GDP in the second quarter dropped a record 32.9 percent

Fed officials say they will keep interest rates near zero well into the future.  

The one bright spot was a 7.3 percent increase in orders for durable goods.

Without big ticket items like aircraft, orders for core capital goods climbed 3.3 percent but the excitement isn’t expected to last.

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