‘Uncertainty is extremely high … amid layoffs, evictions, foreclosures and bankruptcies’

THE FED



a tall building lit up at night: The lights are coming back on for the U.S. economy, but there’s still a long way to go to get back to normal.


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The lights are coming back on for the U.S. economy, but there’s still a long way to go to get back to normal.

The U.S. economy grew more slowly in August as anxiety over the coronvirus, the end of federal benefits and an increase in permanent job losses hindered the recovery, the Federal Reserve said Wednesday.

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Read: Economy softened in August as some temporary layoffs turn permanent

Here’s some of the more noteworthy takeaways from the Fed report:

Boston: “Business contacts continued to cite the disruptive effects of the pandemic on all aspects of their activity, even as recovery began or continued in some sectors,” the Boston Federal Reserve said.

The Boston Fed is one of 12 regional Fed banks scattered around the country. The information collected by the banks from businesses in their districts form the basis of the Beige Book’s

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Strong Home Prices Expected to Continue Through at Least 2021, But Economic Uncertainty is Clouding Long-Term Outlook

The MarketWatch News Department was not involved in the creation of this content.

SEATTLE, Sept. 24, 2020 /PRNewswire via COMTEX/ —
SEATTLE, Sept. 24, 2020 /PRNewswire/ — After watching the for-sale housing market largely shrug off the potential impacts of the coronavirus pandemic this summer, a panel of experts is singing a much more bullish tune about short-term home price performance than in the spring. But a few clouds appear when looking further out. Skepticism remains in the long term with elevated unemployment expected to persist into the next decade. 

The Zillow® Home Price Expectations Surveyi, sponsored by Zillow and conducted quarterly by Pulsenomics LLC, asks more than 100 economists, investment strategists and real estate experts for their predictions about the U.S. housing market. The Q3 survey focused on the short- and long-term outlook for home prices, as well as expectations for U.S. unemployment. 

Just three months ago,

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