Jessica Renteria is driving a pram with her two children to the Los Angeles Zoo, as it reopens in Los Angeles, California on August 26, 2020, after it was shut down on March 13 due to the coronavirus pandemic. – The reopening of the zoo will see online reservations, limited …
Read More »Improvement in coronavirus mortgage assistance versions
After improving in July, the number of lenders struggling to make their monthly mortgage payments is essentially flat and now threatens to move higher. As of August 25, there were 3.9 million homeowners in mortgage ratio programs, according to Black Knight, a mortgage and analytics company. This represents 7.4% of …
Read More »Gold price stability stable to weak PCE inflation data
Editor’s Note: Stay tuned for daily news with so much market volatility! Stay up to date with our quick summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The gold market holds on its early morning gains almost 2% upwards, even if inflationary pressures remain …
Read More »Personal income July 2020
U.S. consumers increased their spending last month by 1.9%, a dose of support for an economy struggling to emerge from the grip of a pandemic that has recovered and left roughly 27 million people unemployed. The July gain marked the third straight monthly increase in consumer spending, the primary driver …
Read More »Fed Master says recovery will be ‘slow’ and more economic support is needed
The Federal Reserve will have to support the economy because the recovery from the coronavirus pandemic “will be slow,” a top official at the central bank said Friday. “There’s more pain we need to support the economy,” Loretta Mester, president of the Cleveland Fed, told CNBC’s Steve Liesman during an …
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