The U.S. Economy – what caught my eye this week: The unemployment rate falls below nine percent in August, high budget deficits, and how did U.S. households use the stimulus payments?

The U.S. unemployment rate falls to 8.4 percent:

The Congressional Budget Office currently expects a deficit of 16 percent of GDP this year:

US-China phase one tracker: China’s purchases of U.S. goods. What is the future of this trade deal?:

According to the so-called “Beige Book” of the Fed, economic activity in the United States is recovering, but remains well below pre-pandemic levels:

How did U.S. households use the stimulus payments?

Consumer Sentiment slightly increased in August according to the survey of consumers done at the University of Michigan:

Some days earlier in August, consumer confidence measured by The Conference Board decreased:

“Unpredictable work hours and volatile incomes are long-term risks for American workers”. Interesting!

Speech by Fed Vice Chair Richard H. Clarida on “The Federal Reserve’s New Monetary Policy Framework: A Robust Evolution”

Here is the text:

And here is the video:

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