November 23, 2020—In a year marked by a global pandemic, a world recession, and a U.S. presidential election, it is somewhat understandable that bitcoin’s[i] steady ascent in recent months might not have been at the front and center of market attention until just recently.
October 16, 2020—The housing market’s role as one of the key drivers of the current recovery has been notable and stands in stark contrast to its role as a key driver of the last recession (2008–2009). The housing market’s surprising resilience is due in part to pandemic-induced demand for housing, in addition to ultra-low interest rates and pre-pandemic demographic trends.
August 11, 2020—Over the past few months, the labor market has started the process of recovery after a sharp downward lurch in the aftermath of pandemic-induced shutdowns. The July employment report showed a third month of job gains, but at a slower pace relative to May and June, and was the first of a number of speed bumps we expect in the months ahead. We look for the recovery to continue, but not necessarily in a straight line.