The Stock Market Is Not The Economy Thread II

**6souls** · 2021-01-27 13:39

https://www.usatoday.com/story/money...es/4278894001/

The US Federal Reserve will not raise interest rates until the country is properly vaccinated.

The Fed said in a statement after its latest policy meeting that the improvement in the economy and job market has slowed in recent months, particularly in industries affected by the raging pandemic. The officials kept their benchmark short-term rate pegged near zero and said they would keep buying Treasury and mortgage bonds to restrain longer-term borrowing rates and support the economy.

The policymakers also warned that the virus poses risks to the economy and removed a phrase from their previous statement that had said the risks were “over the medium term.” The removal of this phrase suggested that Fed officials are unsure how long the uncertainty will last.

For now, the job market, in particular, is faltering, with nearly 10 million jobs still lost to the pandemic, which erupted 10 months ago. Hiring has slowed for six straight months, and employers shed jobs in December for the first time since April. The job market has sputtered as the pandemic and colder weather have discouraged Americans from traveling, shopping, dining out or visiting entertainment venues. Retail sales have declined for three straight months.

https://finance.yahoo.com/news/fed-f...150120049.html

In another tweak to its December statement, the Fed added that it will watch “progress on vaccinations” with regard to the path of the economy.

**synistar** · 2021-01-27 14:15

So near 0% interest rates until Thanksgiving/Christmas.

**6souls** · 2021-01-28 08:04

847k new unemployment claims

**6souls** · 2021-02-04 14:32

779k new unemployment claims

**6souls** · 2021-02-18 07:39

861k new unemployment claims

Missed last week's total which was 793k

**6souls** · 2021-02-25 09:35

730k new unemployment claims

**6souls** · 2021-02-26 13:46

Minnesota economy

https://twitter.com/Stowydad/status/1365385681716051981
https://twitter.com/Stowydad/status/1365386910919712772

**6souls** · 2021-03-03 16:37

CNBC: Disney shuttering at least 20% of Disney Stores as it shifts focus to e-commerce.
https://www.cnbc.com/2021/03/03/disn...-commerce.html

60 locations

**Salodin** · 2021-03-03 17:03

My mall disney store got closed =\ they replaced it with an arcade...lmao!

Sent from my SM-G996U using Tapatalk

**6souls** · 2021-03-04 09:48

745k new unemployment claims

**6souls** · 2021-03-12 13:27

712k new unemployment claims

**Athas** · 2021-03-12 17:51

So when do we rename this the unemployment claims thread?

**Cantih** · 2021-03-12 17:55

I mean, what much else is happening with the economy in general at the moment?

**Kanriel** · 2021-03-13 15:23

I just hit 3 months on my UI claim and still haven't gotten it. Finding this thread and seeing how many new claims are still coming in makes that make a bit more sense.

**archibaldcrane** · 2021-03-13 21:06

Originally Posted by Kanriel

I just hit 3 months on my UI claim and still haven't gotten it. Finding this thread and seeing how many new claims are still coming in makes that make a bit more sense.

Damn that sucks, what shitty state are you filing in?

**Roranora** · 2021-03-14 09:22

i think Kansas has valid claims unpaid as far back as 8 months, plenty of time to lose the house and the marriage

it's really bad for some people

**archibaldcrane** · 2021-03-14 09:28

Originally Posted by Roranora

i think Kansas has valid claims unpaid as far back as 8 months, plenty of time to lose the house and the marriage

it's really bad for some people

People should be in prison for this.

**Kanriel** · 2021-03-15 02:21

Originally Posted by archibaldcrane

Damn that sucks, what shitty state are you filing in?

Maryland, which I think is actually one of the slowest for UI in the country. Really need them to process my shit so I can file taxes, since I'm claiming some of December I'd need to amend if I file before they get things done...