Weekly Market Snapshot – July 20th, 2020
Created by: Sam Tenney
- Many US Corporations are beginning to set longer term strategies in place to deal with the economic disruptions caused by Covid-19. “We cannot defy gravity and continue with the business model we had before the pandemic” said Pret-a-Manger US subsidiary CEO Pano Christou.¹
- The Federal Reserve has opened their $2.2 trillion “Mainstreet lending program” to non-profit groups with 10 employees or more. This includes non-profits such as hospitals and universities.²
- During the June Federal Open Market Committee (FOMC) meeting minutes, board members voiced concerns about the strength of the US economic recovery if Covid-19 cases continue to rise. ³
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