Despite the buoyancy effect created by the better-than-expected NFP, the Feds have expressed frank concerns about the economy. Officials and staff economist are warning that a second wave recession could sweep the US if the Covid19 crisis is not brought under control. They are cautioning that the recovery of the economy is heaving dependent on the health of the American people. Despite Trump and his government’s many effort to bolster up their economy, the American citizens, who begin their weekend of Independence Day’s celebration, should take precaution and be responsible for the heath and mostly, play a part to hold up their economy…no matter how small it is.
Fun Fact: Transcripts from the Fed’s meeting would only be released in 5 years. May the Americans and the world look back and rejoice that they have heeded warnings…and not bemoan not taking this more seriously.
Happy 4th, Americans!#US##CoronavirusOutbreak#
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