US economic outlook until November: cloudy with a chance of escalating trade wars

Despite the recent return of stock market volatility and diminishing hopes that easing lockdowns would lead to a quick recovery, the US market has generally remained disconnected from post-pandemic political realities. Initial positive sentiment has been reinforced by several factors, including the unexpected drop in unemployment and the creation of 2.5 million jobs in May. Furthermore, according to the New York Federal Reserve, companies’ outlook is at a decade high and manufacturing in New…

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