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October Recap: Markets Stumble but GDP Surges

October Recap: Markets Stumble but GDP Surges

The recovery in the financial markets hit some turbulence in October, as investors wrestled with anxiety about increasing COVID cases. However, a surge in gross domestic product (GDP) in the third quarter may signal that the economy is on the rebound.1 Through October...
COVID Economic Update: Is a Second Stimulus on the Horizon?

COVID Economic Update: Is a Second Stimulus on the Horizon?

As the COVID-19 pandemic stretches into its seventh month, leaders in Washington are debating a second stimulus bill. On August 8, President Trump signed executive orders that extended the federal unemployment benefit, but reduced the amount from $600 per week to...