The month of March saw a “substantial deterioration” in the main driver of the U.S. economy: the American consumer. According to new data from the Federal Reserve Bank of New York, Americans reported greater concern of being laid off and heightened worries over being able to meet future debt payments. Weaker consumer sentiment paints a […]
Tuesday, March 17, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe ‘An ominous sign’ We got our first look at how coronavirus is impacting the U.S. economy on Monday. And the signal was bleak. The New York Fed’s...
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